Tuesday, September 20, 2011

Some Interesting ETFs (Mostly Inverse)

 EPV UltraShort Europe 15 min leading positive divergence. This is one of the interesting ones, it's almost as if it is setting up a completely new cycle for a move up, Europe MSCI down.

 ERY Energy Bear 3x this 1 min chart is positive and leading, this is what I would expect looking at the averages.

 ERY 5 min positive leading

 FAZ, another leading 15 min chart, again as if the cycle that just set up for a move down in the markets on Friday is resetting.

 SDOW Short Dow-30 1 min leading positive.

 Strangely though, there's a 10 min leading positive, again as if it is resetting.

 SPXU 1 min leading positive-Short the S&P-500

 And once again on the 15 min chart, a leading positive divergence.

 SQQQ Short the NASDAQ 100 1 min leading positive, which I would expect.

 SQQ 5 min also leading positive.

 SRTY 1 min leading positive, it seems that today's move up has been under distribution as the charts of the averages suggested.

 SRTY positive 5 min divergence.

 TYP-Technology Bear 3x- long 1 min positive and leading positive divergence.

TZA 5 min leading positive divergence.

What is really strange is to see the 15 min charts almost resetting, I wouldn't think we have enough time to complete that kind of downside. Of course there are a lot of undercurrents from Europe-good and bad news and the FOMC tomorrow.

No comments: