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12 January 2012

Hanging man doji day for stocks, oil leaking

Both SPY, DIA, QQQ and IWM printed a hanging man doji on the charts, with a suspicious new buy signal on the QQQ's (see chart). So the rise in stocks is struggling.
UUP was fairly lower, while (of course) its mirror: FXE went higher. Perhaps the most interesting was oil, which took quite a drop (see chart).