Monday, April 16, 2012

Financials v. Tech

So far what I suspected is what 3C is showing...

 XLF 1 min is in a relative positive divergence, the weaker of the two.

 The saem with the 2 min chart.

 Tech on the other hand is leading positive, the stronger of the two divergences and quite sharply.

Tech's 2 min is also leading positive.

 Financial's momentum relative to the SPX has been stronger thus far this morning.

Tech as you can see lagged on the open, but has since flipped to show better relative momentum than the SPX very recently. I suspect the accumulation process that is stronger in Tech will soon manifest in relative performance.

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