Thursday, April 14, 2011

Market Update

Yesterday we had signs of accumulation, today the gap down is now starting to be aggressively filled.

 DIA 1 mn in a leading positive divergence.

 Q's in a leading positive divergence on a 1 min chart

 Q's relative/and leading positive divergence on a 5 min chart

 SPY 1 min leading divergence.

SPY 5 min leading divergence.

Now we are starting to see some market action that makes some sense with what we saw yesterday. It'll be important to see how this develops as it will likely give us a hint about GOOG's earnings today.

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