Early Market Update

I say early because that run in to the close yesterday wasn't helpful in accumulating shares, which is already going a bit slower then I had hoped, but I did want to show you these charts as a follow up to the post yesterday during the run in which  said, "this is not accumulation"

People get too worked up about price advances on volume thinking it's institutional money doing the buying, in fact, they are often selling at that time.

 Here's the QQQ 1 min and in red is yesterday's run on the Greek news, note the closing negative divergence at the highs of the day. This morning we are seeing some positive divergences in a relatively flat trading environment on lower volume then what we saw late yesterday. It may seem boring and like nothing is happening at times like this, but you can see for yourself the positive divergence in this environment (yellow).

This is the 1 min SPY and in red, yesterday's run in to the close, note in yellow the flat trading range and lower volume as well as the 3C positive divergence.

I'd like to see these divergences migrate to the longer charts, then I might look at accumulating some shares of Bull ETFs or long positions.