Financials Update

Remember I said with the price gain in Financials and the 3C charts, I'd be looking there today for shorts and specifically BAC?

Take a look at XLF at 3 p.m.

 XLF 1 min 3C

 2 min leading negative, suggesting price strength was being used today to sell/short in to.

 Leading negative 5 min, thus the reason I mentioned financials being a target today for entries.

 And XLF breaks some intraday support on the biggest volume of the day.

As far as the last post about the disconnect between VXX and the market, the market has been lingering near the highs or at them while the NYSE TICK index not only is trending down (artificial support or manipulation of the market), but the TIK is hitting negative -1000 meaning there are a lot more issues declining or ticking down then advancing. This is a set up for a nasty fall. The only thing  see that may be lending a little support to the market is the Euro rangebound, but the Euro certainly isn't supporting the market in moving up.

Good ole' Window Dressing manipulation, it's always the best at the end of the year.