Thursday, March 1, 2012

Market Update

I'm not voiding a market update and have not forgotten about it, it is just there are no strong intraday (note the use of the word "intraday" ) signals that are useful either way right now.

 DIA 1 min saw a negative divergence on the opening highs, since then it has been pretty much in line with trade.

 The 2 min chart showed the same opening negative divergence, it is in a leading negative position, but hasn't made any interesting moves like a new low on the day.

 QQQ 1 min saw the same negative opening divergence and is trading with a negative bias in not confirming price action.

 The 2 min chart is in line.

 SPY 1 min is in line with trade.

The 2 min is in a leading negative position, but again, no interesting moves suggesting an edge to a trade at the moment.

AAPL is a little more interesting, that is coming next.

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