Thursday, May 16, 2013

A "Tell" ?

All of the time as I sit and look at markets trade I am looking for "tells". Those little correlations or negatively correlated markets that give a clue to what may happen in another market.

One of the things that I seem to have noticed over the last couple of months is the propensity for Deckers Outdoor (DECK) to lead the Dow Jones Industrial Average (DIA).

So, here are a couple of charts of DECK and DIA. They are 5 minute barcharts of the last few days.
Let's see what happens to the DIA.....

And the daily charts of these two.....


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