00A DIA One-minute
8/19 -- The trend continues upward on both 1-minute and 30-minute charts. VIX collapsed back to 12 and the momentum indicators are not yet at the upper extremes...so up we go, though most charts are at the top of their channels and subject to an in-trend pullback.
Most equities are extending, but USO is about to hit a long term support line after a long decline. Take a look!
8/18 -- The Russian incident did not alter the basic recovery picture as all one-minute uptrends remained intact (even IWM after initially broke). Furthermore, the 30-minute charts now say that the correction is over and not just the first leg of something larger...yet.
The full Weekly Commentary is updated at www.RHLcapital.com
8/14 -- Uptrends continue and VIX keeps dropping, so the danger of this rally reversing back down is lessening. Note how QQQ reached its upper line on the one minute chart and crawled along it. The next critical point is when the charts reach the upper lines of the 30-minute charts.
8/13 -- Uptrends are nicely taking shape on the one-minute charts now and VIX is breaking down sharply. DIA and SPY are even breaking to uptrends on the 30-minute charts. Momentum indicators are rising upward. Even if this is all a counter trend rally, it should carry further upward first.
00B SPY 1-minute
00C IWM - 1 min
00C QQQ - 1 min
00D Volatility Index 1-min
01A DIA - 30 min
01B - DIA one-year
02A SPY - 30-min
02B SPY - Daily one-year
03A QQQ - 30 min