Midday Missive

The day is young. More two way trading.

Lots of initial rallies to nowhere.

If the technical model is to try and  turn up, today needs to be the low.

DJI came close to it’s 200 DMA on LOD and so did Nasd 100.

With everyone focused on the Spu’s this will take some time to see who wins.

Transports act very weak.

Spu’s are not in love with its 200 DMA @ 2590.

Micron would need over 51.77 to confirm today’s low @ its 50 DMA.

IYT..

MU…

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