From Price-Discovery Market To 'Trade Optimism' Market
Tim Knight | Apr 05, 2019 01:36AM ET
Does the market seem dull to you? It’s not your imagination. Just take a look at the volume of the SPY. We have gone from an organic, price-discovering market to one which just goes up half a percent, day after day, based on “trade talk optimism”. Apparently volume isn’t necessary:
Using the spiffy new version of SlopeCharts, I pulled down a bunch of ETFs (click on any for a bigger version). They are below and I’ve caption each of them with a few words. They are each marked as Green (bullish), Red (bearish), or Yellow (unclear).
Red: XME Long-term pattern still down, in spite of recent strength
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