I have not been posting much this week with the long weekend and all it has thrown me off track a bit. I am just watching to see how this plays out. I expect we could get a rally up the 15 MA and then there could well be a rejection from that resistance. I didn't do a stock scan this week. I had to travel but I will do one for this weekend. There is not much point doing scans if there is a pull back in play. I do scans for my shorting and options trading but I don't think there are many people who would be interested in that type of trading. I might do some post about options because there is a lot of misconceptions about that. Anyway, lets see how things look after today. The U.S. markets are up after a dip on the durable goods data.
The Twiggs Money Flow on the daily chart has crossed down so that is a fairly strong signal that the ASX 200 is headed lower.
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