Wednesday, December 4, 2013
Another post with utterly random stock market charts
Let's kill some time looking at some US market charts.
Ford apparently sold the most F-series trucks since 2004, and yet it's down hard. Was this increase in sales baked into the price back in June? Or are people just selling in a pre-Fed snit again?
Small-caps are back at their short-term EMA. Any drop below this and we're threatening an actual correction instead of an overbought pullback, I guess.
Regional banking: consolidating a breakout, or pulling back on threat of... what, a Fed rate rise? That's not supposed to happen for months to come. Or is KRE supposed to go up when rates rise, since a rate rise means higher profit margin on the spread?
Or, again, is it just a pre-Fed snit selloff?
Yet the semiconductors are still breaking upwards.
And $VIX as of 9:59AM is still over 2SD up. Why are people in such a hurry to buy downside protection?
It all looks snitty to me.