Trader's Daily Notebook: Maybe Nvidia Was Simply Misunderstood

Demand for E-Mini S&P 500 futures (Es) contracts fell flat as price tested the big figure (2400). Regular-session volume came in under 1 million contracts, which we've become accustomed to, suggesting investors remain unmotivated by and unwilling to chase current prices. Nevertheless, value remains stable and price continues to close above all short and intermediate timeframe moving averages. For the time being, odds continue to favor bulls (primarily responsive dip buyers). 

In Tuesday's Trader's Daily Notebook, we briefly discussed the difficulties the iShares Russell 2000 ETF (IWM) was having in joining the SPDR S&P 500 Trust (SPY) and PowerShares QQQ Trust (QQQ) near major swing highs. Take a moment to review the two charts below. ...613 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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