Thursday, March 8, 2012

Market Update

As a reminder, he Greek PSI results are do out in 20 minutes. It sounds like either way they go, there are a lot of open issues. There's a lot of potential for knee-jerk volatility...

That last ES divergence looked like it was going to be trouble.

 DIA 1 min

 DIA 2 min which has been leading negative all day deteriorated...

 IWM 1 min

 IWM 2 min is the same situation as DIA 2 min above.

 QQQ 1 min seems to have one of the sharpest negative divergences.

 The 2 min remains in leading negative territory.

 SPY 1 min went leading negative very fast.

Even though it has been in a leading negative position all day, the same move can be seen on the 2 min.

AAPL just saw a break of the intraday trend on the highest volume of the day.

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