Market Update

 So far there's no short term confirmation in any of the major averages of today's move higher, which is what I would expect to see. Here's the DIA 5 min.

 The DJ-20 (Transports) on a 5 min chart are also not confirming and are significantly underperforming some of the other averages. This recent triangle in the DJ-20 should be watched for a directional move (remember, the first move is not always the real move-as in our Crazy Ivan shakeout).

 The IWM is not confirming on the 1 min hart showed here, nor the 5 min chart.

 QQQ 5 min

SPY 1 min as well as the 5 min chart.