Tuesday, April 10, 2012

Very Early Opening Indications: XLF/XLE/XLK/ES

I don't usually post opening indications this early as 3C needs a little time to catch up as it is a look back indicator and because I largely find early trade to be noisy.

ES is easier as it has been running all night.

 ES's 3C went negative after the EU open and sent ES lower, there has been no positive divergence on the NY open in ES.

 XLE since turning down late yesterday is currently in line on the open.

 XLF is in a slight leading negative divergence, partly left over from late yesterday

XLK-Tech has a slight positive divergence on the open.

USO is now slightly in the green despite the broad energy complex and a higher dollar on the open

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