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Buzz & Banter



The fat is in the fire. (With apologies to fellow Kentucky Col. Dr. Hunter S. Thompson.)

The BTK is sliding ever closer to the 450 break we looked at yesterday, and now the BKX and XBD (Amex broker/dealer index) have each reversed on their charts, though are still a bit away from outright sell signals.

Meanwhile, on the indicator watch the NDX Bullish Percent was down 2% yesterday and getting closer to moving defense. Yes, even though the NDX finished up yesterday this indicator was down. Ain't it cool?

Looks like everyone is jockeying for position ahead of the Philly Fed at noon. Not a wide margin for error here.

No positions in stocks mentioned.

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