Monday, February 27, 2012

2/27 - stage 2 + divergence

- bearish divergence being seen in XLF + IWM...these stocks are going sideways as SPX and QQQ keeps making new highs
- TRANS and UTIL not confirming new highs in SPX...strong bearish divergence
- feels like the end of the bullish rally as XLK and USO seem to be the leaders...sounds like the weak hands buying these

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