Code of Conduct - Tuesday, page-3

Thanks Jako


Yearly Highs and Lows

And as soons as we think we have a new uptrend forming in the summation line...it's broken to the downside. Fridays yearly highs can perhaps be sen as an over-extension/blow off .

Candles

Similar to a hanging man or a hammmer. No real movement in the index for the last 5 days, so there isn't really a trend to compare it to. Looking into it further than that, and I'd be looking for a pattern that doesn't exist methinks.....




Relative Strength by Size

XSO is increasing it's underperformance. I don't think it'll perform until the last week of this month when it'll start revving up for the July burst.




Relative Strength by Sector

Defensives the best performers today. The powerhouses of our XJO, metails and banks were leading it down with the XSO hanging around the lower end.





And a violation of the code of honour on behalf of everybody....
A very listenable "classical" piece....




Have a great night all.