Market Update

I'm getting a lot of emails, so I'll just post an update, although there's not much to see at this point. The only area where there seems to be any slight appetite for risk has been in commodities.

 The 1 min chart has been in line most of today so there's not been much point in telling you there's no real signals. However, there's a small 1 min divergence forming currently.

 The most bullish chart as I pointed out last night is this 15 min chart. Note also the relatively flat trading range, if you saw my Trade Guild post last night or follow my comments here, these flat trading ranges that no one is very interested in are most often where the action occurs, whether distribution or accumulation.

 Here's the 10 min BB screen, price tends to bounce off these bands from upper to lower and so on until you get  trend in which they walk the bands, when a market average walks the upper or lower band, you have a pretty strong trend.

The TICK chart has shown some slight improvement in its channel -a break out here would be bullish.