Friday, October 7, 2011

QUICK MARKET UPDATE

 DIA 1 min looks like there may be a consolidation or intraday bounce

 DIA 2 min leading negative

 DIA 5 min leading negative, but also may be ready for a bounce, or the 10 min just hasn't caught up yet

 DIA 10 min leading negative

The 30 min is flat, not sure if I would say negative as the market is flatish, but this has me thinking about getting a little more aggressive on my shorts, I'm just concerned with the Germany/France meeting this weekend about the ESFS-a wild card over the weekend.

 QQQ 2 min also showing signs of a possible intraday bounce

 The 5 min is negative, but is also close to looking like an intraday bounce.

 The 10 min is leading negative.

 As is the 15 min, another reason to think about shorting some more.

 The 30 min is probably in line, but not looking as good as it was before when it was leading positive a bit.

 SPY 1 min suggests an intraday bounce-which may serve as a good area to make any tactical adjustments you may want to make.

 The 5 min also looks like a probable consolidation or intraday bounce.

 10 min is leading negative-again, bounce or just hasn't caught up?

 SPY 15 min has been the strongest of all the averages, it's still in positive territory, but flat today, which is somewhat of a deterioration.

The same with the 30 min.

Again, this has me thinking (if I can get to it) to get a little more aggressive on the model portfolio.

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