Tuesday, January 25, 2011

Market Update

HEre's what it looks like now-once again, there seems to be a divergence between the averages with the QQQQ not seeing the same accumulation as the others.

 DIA 1 min. Positive divergences....

 5 min shows yesterday's negative divergence into the close, but we have a positive divergence today into the close.

 QQQQ 1 min very little accumulation.

 5 min QQQQ showing no accumulation

 SPY 1 min showing several positive divergences, the text block should read "POMO"


The SPY showing yesterday's negative divergence, leading to today's underperformance and lack of follow through buying, but today shows solid accumulation pointing to upside tomorrow.

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