Wednesday, January 12, 2011

Market Update

 QQQQ 1 min with a negative divergence on the open and a slight decline from there. The current negative divergence is the worst looking of the 3 averages.

 It has even shown up on the 5 minute chart, which makes sense as the Q's underperform the Dow and S&P today.

 SPY 1 min-same opening gap neg divergence and a worsening current divergence, however, on the 5 min chart below it has not shown up there yet confirming the S&P's stronger performance today.


I've looked at the earnings trades that have definite times for after the close and tomorrow before the open, as of now, I don't see any candidates.

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