Wednesday, November 24, 2010

As Many As I Could Squeeze In

 DIA 5 min neg.

 DXD short on the DIA 5 min positive


 QID short on the QQQQ positive 5 min

 QQQQ 5 min negative

 SPXU short on the SPY positive 5 min

SPY 5 min negative

 IWM 5 min negative

TWM short on the Russell (IWM) 5 min positive 5 min

 EDZ short on emerging markets positive 5 min in a leading divergence

EDM long Emerging markets negative 5 min

 FAZ short financials positive leading divergence 5 min

 XLF financials long 5 min negative divergence

Looking at the 5 min charts of the long sectors vs the 5 min charts of the equivalent shorts on those sectors, we have negative divergences in the longs and positive divergences on the short. I covered as many as I have time to. That is a perfect 12 for 12 all alluding to the same thing.



USO
 The USO 1 min chart has shown improvement

While the 5 min chart does have a negative divergence, it's not nearly as bad as some we see above and may improve with the 1 min chart improving.

Here's the FX EUR/USD, as I mentioned earlier most of the early going today we were in a bounce (green arrow), I mentioned the start of a reversal several hours ago and you can see that at the red arrow. The red trendline represents new lows for the Euro.

3 comments:

Mr Pink said...

How's the 3C VIX chart(s) looking Brandt? They were pretty extreme last time you posted them and that was a while ago now.

Brandt said...

I'll post it tonight. It hasn't changed much if at all.

Mr Pink said...

The averages finished at the days highs Brandt.

SPY and $INDU still banging their head against the Bollinger band. QQQQ has poked it's head up through the center line of the Bollinger band.