00A DIA One-minute
9/29 -- Seat belts fastened? Another wild ride today on the high-volatility roller coaster. Almost all the action remained in the one-minute downchannels, but is back at the upper lines, and 30-minute channels held...so a bounce may still take hold here. I suspect some respite will occur after all the quarter end repositioning is over. Logic favors the upside in the near term, but its still likely to be a wild ride into October and a final bottom has not likely occurred yet.
The full Weekly Commentary is now updated at www.RHLcapital.com
9/26 am -- A bounce is taking hold as GDP came in strong. We've had three waves down and a recovery rally could carry into next week, but watch the upper lines of teh one-minute channels to see whether they provide resistance or can be broken.
Bill Gross is leaving PIMCO. What does THAT say about where the bond market is going??
9/25 -- That was a non-stop decline giving up all of yesterday's advance in minutes! The large caps have joined the party with a vengeance. Downtrends at the one minute level have already steepened. VIX is over 16, and the momentum indicators are nowhere near the bottom yet. Fasten your seat belts.
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