Commentary

3/12/21 Afternoon SIgnals xCF/c1-o1

xCF has been playing CO poorly lately, but the oQuatz will be favorable for the weekend, no matter how things finish today. If SPY can stay above 390 at the close, that would be positive. The recent negative xCF numbers don’t seem that important here.

The link is an article discussing the 10 year yield / couch potato situation. The case is questionable at best but it is interesting; and it makes enough sense that some players may be acting on it.

The five week pattern spanning Aug-Sep looks similar to the current one. There was a 12 week consolidation period before a new high was achieved. This area strikes me as more of a place to buy.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s