Monday, September 12, 2011

Final Market Update

I closed the remainder of my shorts put on last week today for a nice profit and added longs today that are already at a nice profit. Am I holding my longs for now? YES.

Here are some interesting 3C charts.
 DIA 5 min in a leading positive divergence

 Considering the DIA was the laggard of the bunch, it is surprising to see this 15 min-1 day leading positive divergence. I guess Wall Street quickly made up for lost time today.

 QQQ 5 min leading positive.

 SPY 1 min leading

 SPY 5 min leading

 A slight 10 min positive divergence

And even a small 15 min!

It looks like what we saw starting last Friday and in last night's charts, was right on target. Now, we'll watch to see where this is going.

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