Rotation out of techs and into energy. Enough to make you dizzy, but again, the weaker semis were telling us the underlying story. NQ made a new September high with a bearish divergence and it has been downhill since. ES is holding up better thanks to energy stocks, but that could be short-lived. End of quarter shenanigans are always hard to trade, but the underlying tone is seeing some bearish set ups creep in.
This entry was posted
on Tuesday, September 26, 2006 at 10:01 AM.
