22 May 2014

The last hour move in the SPX is suspect for a move lower for tomorrow.  But I still do not know if it will make a difference in the CIT in the ST by weeks end.  A sustained move should change sentiments, but for now we must respect the trend signal we are given.  Reacting to quickly sometimes keeps us from making those extra pts. /  profits.  Intra-day charts still at overbought and couple that with an upward ST and we have a good uptrend strength.

MT: UP
ST: UP
PA: UP

Something to note also is that on the daily chart there is a narrowing of the BB line and usually attracts fast moving prices.