Market Update

I can't decide if I'm baffled or this is what I expected, I think I need to take a good long look at GOOG. Here's the market.

 DIA 1 min leading negative

 DIA 5 min negative.

 IWM 1 min leading negative

 IWM 5 min negative

 QQQ 1 min negative

 QQQ 5 min negative

 QQQ 10 min VERY negative

 SPY 1 min leading negative

 SPY 5 min negative

SPY 10 min negative.

This seems like a continuation of yesterday's selling into strength, which causes me to think about GOOG reporting tonight, which is a biggie and could easily take the market down hard.

So, I suspect what we are seeing is short selling into strength, the same thing I advised a day or two ago.