Sunday, June 20, 2010

McC and Buy/Sell money

Friday was odd, of course it was an Expiry day.

There was alot of buying on weakness AND selling on strength.   I never noticed that before on this good website.

http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=topnav_2_3002

 And the McClellan (affectionatly known as the McC) was a very small change, 1.2 or so, anything under 8 is "small" in my book.

http://stockcharts.com/h-sc/ui?s=%24nymo

And the Euro has been hot, going up.   But I have been mentioning this resistance for a while.   Funny how it just broke through by not even a tenth of a penny.

From last week, note the green line in the sand

http://oahutrading.blogspot.com/2010/06/euro-and-es-perspective.html
 Current condition---after the swat down.  Now we shall see---does the swat momentum continue, or is the gap fill good enough to start running back up again.   I go with the swat down.