Wednesday, January 25, 2012

QQQ Reaction

Since the Q's are leading the market today and given the AAPL post, I thought I'd look at the Q's

 The Q's went negative right off the open which makes sense considering AAPL's open, there was a small positive divergence around 10:30 that lifted the Q's, but it quickly turned negative, since then the Q's advance has been on a leading negative divergence.

 The 2 min chart confirms the 1 min chart above.

The long term 5 min chart is still very ugly.

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