GOOG/BIDU

At lot of you don't have time to look at charts all day, I do. So you may be focused on what the averages are doing, but there's a slew of stocks that are bellwethers that give a more internal set of metrics. Looking at two of them this morning, GOOG and BIDU, both are showing deep problems.

 BIDU 60 min chart-note the volume.

 BIDU 60 min 3C chart, note the negative divergences at the top.


 GOOG's 15 min 3C chart, over the last to days it's lost about 37 points.


 Looking at the same GOOG 15 min chart (this is why you compare as many charts as you can-you're looking for that which others miss) note the tweezer top candlestick formation/reversal formation in the red box. Also note the volume.


Check out this Heiken-Ashi price chart with Volume at price and Bollinger bands. The yellow arrow candles are indecision candles, much like traditional candlestick charting, they often serve as reversal candles. The red candle is a very strong down trend candle. Unlike candlestick charting where a long lower wick can be bullish, in Heiken-Ashi charting, the lower the wick, the more bearish the candle.

I'll be checking more charts and answering your emails, but these two market leaders are looking pretty bad right now.