Today’s starting out a lot like yesterday for me: a bunch of short positions, almost all of which are doing fine, and then a total dud or two. Yesterday’s bomb was STI. Today’s was G. Ah, well. You take the good with the bad. It’s still a good day so far.
Of particular aid are the financials, which seemed to have obeyed resistance quite nicely:
You can see this is a more exaggerated form by way of the triple-leveraged:
And, equally as important, let’s keep an eye on the Broker/Dealer Index. All three of things charts have reasonable clear topping patterns and, vitally important, have adhered to their resistance levels.