Wednesday, November 9, 2011

Apparent Market Reaction/Update

 The reaction in the DIA since the article-now off -3.20%

 IWM reaction now off 4.02% (I guess my half joke last night about the market being down 5% today wasn't too far off)

 QQQ now off -3.3%

 SPY now off -3.35%

 Euro breaking to new lows unambiguously after the print from Reuters.

 FXE/Euro

 FXE 1 min 3C chart plunging.

 UUP/$USD moving up quickly

 The longer term strength I've pointed out in the $USD on a strong positive divergence makes me wonder when inside information about this was truly known.

 ES way off the VWAP from earlier and on volume.

 TLT-Treasuries catching a 1 pm safe haven bid

 TLT 1 min 3C rocketing up.

 USO now close to the $36.50 level having given up significant gains on broad dollar stength.

 USO 5 min 3C leading negative divergence.

USO 10 min approaching a new low in a leading negative divergence, SCO might just be a trade after all.


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