Market Update

 DIA 1 min mostly in line, slightly negative now.

 DIA 5 min was in line, lagging negative now.

 ES 1 min I would call this a negative divergence

 SPY 2 min in line

SPY 5 min lagging and negative.

The QQQ looks the same and I don't dare go above 5 mins at this point.

I think the REAL NEWS that is ACTUALLY happening and should be of concern, especially after MF Global is Jefferies.

JEF has been down over 20% today and halted trading 2x already today. Contagion from Europe is hitting our financial sector already.