|
|
The latest from the
IndexHunter session 08/05/2009 MBI - monthly price hasn't budged but indicator was moving higher and exerting pressure. DBA - monthly is stabilizing and should turn the corner. DRG - technicals have gone sideways, weekly is strong and ahead of the price, need the hourly to exert force. The hourly signal line is above, but still not real clear for the big jolt we need. ICE - hourly wanted to send price back down. Had Double Top with downside divergence on the MACD. Weekly is still below signal line and still pressuring the price to go down below 83. KBE - need price to get back up to the double top level, indicator is lagging behind price but still strong up. Weekly says it needs to go up above 22 or even 25 level and nothing is in the way of this right now. BAC is strongest in this group.
CME - now starting to
see flattening but doesn't have the classic look we want to
see. Hourly double top with downside divergence
doesn't validate the upside right now. |