Wednesday, September 14, 2011

The Reason I'm Locking in TECH profits

 QQQ 1 min -negatively divergent

 QQQ 10 min peeling away from price

QQQ 15 min negatively divergent

 SPY 1 min in line

 SPY 10 min in line

SPY 15 mn just starting to go negative.

We know TECH was the sector in rotation, we know Wall Street accumulated and the Q's are showing us where they are taking the bulk of their profits today, remember, they distribute in to strength. I'm guessing tomorrow it will be the SPY's turn and financials.

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