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"We see what we want to see unless we make a conscious effort to see what is really there." -anon.

Archive for May 14th, 2008

Rally fades

Posted in Crude Oil, QQQQ, Daily Comment on May 14th, 2008

Stock indexes bounced off support a few days ago, with a nice upturn in the oversold momentum indicator. The previous chart of the S&P was a near perfect example. Today I show the Nasdaq/QQQQ, which has been a bit stronger, and wasn’t able to quite touch the slower moving average on the recent pullback. Volume […]

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