Market Update

There's lots of bad rumors going around today, a lot of ugly comparisons and such. This is why I try not to read the financials too much.

 DIA 1 min, everything looks fine, a leading positive divergence in one of the stronger looking averages.

 DIA 5 min is lagging a bit, but that's also partly because there was such a strong leading positive yesterday, I'll give it some time to see what it does.

 The 10 min chart is leading positive in the DIA

 As is the 15 min.

IWM 1 min have a slight negative divergence

 There's the same thing on the IWM 5 min as I described on the DIA 5 min chart.

 The 10 min is leading positive.

 The 15 min is lagging a bit too, it's not negative, but sort of like the 5 min chart.

So far the QQQ 1 min is negative looking.

 The 5 min is turning toward in line and positive leading.

 QQQ 10 min is positive leading as well.

 And the 15 min is positive and about in line.

 The SPY 1 min is also lagging.

 The 5 min is leading positive.

 The 10 min is about in line, close to going leading positive.

And the 15 min is leading positive.

I want to keep an eye on the short term charts as there's a chance this could turn in to a bigger base.