Thursday, June 16, 2011

Market Update

Here are the 5 min charts, which are a bit more important then the 1 min charts. Yesterday they didn't start to develop until very later in the day, now they are developing at an accelerated pace.

 DIA 5 min 3C-a huge uptick into the Philly Fed sell-off-currently in a leading positive position.

 QQQ 5 min, positive yesterday near the lows , but a dramatic change on the Philly Fed sell-off-also leading positive position.

 SPY 5 min 3C-A positive divergence at the lows yesterday and again this morning like all the others.

XLF-Financials 5 min 3C-Has been on a pretty solid and steady trajectory since yesterday.

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