Monday, July 25, 2011

Tech/Q's looking tired.

 Tech Sector with the decline staring around 1 p.m.

 XLK -Technology ETF is in a negative 1 min divergence.

 Note the XLK 5 min divergence around 1 p.m.

 The 15 min chart also s looking tired.

 Note the divergence in AAPL around 1 p.m., it may make 1 more push to new intraday highs before receding.

 QQQ 1 min went negative near 1 p.m.

 QQQ 5 min also near 1 p.m.


The 15 min chart isn't in good shape.

Sector rotation is still favoring the Dow-30/DIA and actually getting stronger; led by Energy, Industrials and Basic Materials.

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