3C=Compare, Compare, Compare

Yep, that's what 3C stands for, a friendly reminder that the more comparng you do, the more reliable your conclussions when things all start to align in a particular direction.

With the price action this week, it has been difficult to imagine that the false breakout that I've been looking for in the market is still possible.

So I went to some of the leverged ETFs to compare the signals among the bull and bear ETFs for the S&P, DOW-30 and the NASDAQ 100 and guess what I found? Consistiency; not only among the long/short of each average, but in all 3 averges. In all there's something like 18 charts, all pointing in the same direction, suggesting the market wants to move higher. If this was the case, I'd expect to see positive divergences in the bull ETFs and negative divergences in the bear ETFs. Here they are....


The Dow Ultra ETFs

 Dow long 5 min-Positive leading divergence

 Dow Short 5 mins. Negative leading divergence

 Dow long 10 min Positive divergence

 Dow Short 10 mins. Negative divergence

 Dow Long 15 mins. Leading positive divergence

 Dow short 15 mins Negative divergence

The NASDAQ 100 ETFs

 NAS. long 5 min. Leading positive divergence

 NAS. short 5 min. Leading negative divergence

 NAS. long 10 mins. Leading positive divergence

 NAS. short 10 mins. Leading negative divergence

 NAS long 15 min Positive divergence

 NAS. short 15 mins. Negative divergence

The S&P-500 ETFs

 S&P long 5 min. Leading positive divergence

 S&P short 5 min. Leading negative divergence

 S&P long 10 mins. Leading positive divergence

 S&P short 10 mins. Negative divergence

 S&P long 15 mins. Positive divergence

S&P short 15 mins. Negative divergence

So there we have 6 different ETFs (Long/Short) on 3 different averages on 3 different timeframes, ALL AGREE. The bottom line, it looks a whole lot like the market wants to move up from here.