Opening Play for Friday 7/25

July 24, 2014

7-24-2014 11-30-40 PM7-25-2014 6-43-43 AM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summation Tick chart above shows hourly Sell Divergences and ticks more overbought than oversold.

Weakness in small caps has kept this indicator from hitting the extremes that it

otherwise would on this type of rally.   Each day share have hit all time highs and have

displayed good upside momentum, but it is not a broad based rally.  For today:  The top chart shows the key levels.

A close back below 1978.25 coul indicate a bull trap.   It is unlikely for this market to give up much ground, though,

with the residual upside momentum that has been seen in shares like IBM.

Short reactions up in  Bonds and tens.

HAVE A FABULOUS WEEKEND and lets start to get ready for August!

🙂  Linda

 

 

Tradesheet from Snagit

 

 

 

 

 

 

 

 

 

 

 

Markets in Breakout Mode:

BOs from snagit

 

 

 

 

 

 

 

 

 

 

 

Commentary: