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The relative strength this morning is in the Nasdaq and tech sector. The Naz Index is up about 1% and about to test the top of the flag-like formation. It looks like a bear flag but it is getting a little long compared to the flag pole portion.

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Interesting. I don't really remember seeing such diverse returns from the C and S funds like this. The trade deal with Canada is boosting the large caps big (up 1%) but the small caps, and the I-fund, are not participating in the rally so far this morning. It makes sense trade-wise, but normally we'd usually see good news lift all boats to some degree.

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S fund in a big flag where flag equals length of pole? Is that still considered a flag pattern and is it a rare occurrence?
 
Yes, I think that could still be a bull fag. But flags (bullish and bearish) have been flaky lately. Take a look at the bullish fag from July... It tanked before finally rallying.
 
Another mixed day with the Dow and S&P rallying while small caps and the Transports are falling.

The Dow made a new high today while the Transport broke down from a small bear flag this morning, looking for support at the 50-day EMA.

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tsptalk said:
Yes, I think that could still be a bull fag. But flags (bullish and bearish) have been flaky lately. Take a look at the bullish fag from July... It tanked before finally rallying.
Click to expand...
Still not finding the formation called 'bull fag' on Investopedia...

tsptalk said:
Another mixed day with the Dow and S&P rallying while small caps and the Transports are falling.

The Dow made a new high today while the Transport broke down from a small bear flag this morning, looking for support at the 50-day EMA.
Click to expand...

Agree, there are some weird things going on...
 
Following up on that previous post from yesterday, we're seeing that curl up like we saw at the end of July. It will be interesting if tomorrow is a choppy day rather than straight up again. See the action on August 1...

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In a sea of red this morning, financials are up big, although they've come off their highs already. 10-year Treasury hit another high at 3.18%.

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Yield on 10-year up at 3.24%. This is the focus. Perhaps next week the focus will turn to earnings.

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