Tuesday, May 8, 2012

Market Update

For now I'm sticking with 1 min charts and some of the major groups, I first saw some changes in the QQQ and AAPL, now there are more. There's also a bullish change in the Euro which is gaining ground.


 AAPL 1 min, I wanted to wait until there was a signal that was stronger than ambiguous, this leading positive is especially after having run stops


 The IWM 1 min was following price down, this is a significant change.

 QQQ 1 min leading strongly.

 SPY was following price (confirmation), it's now leading.

 Energy went from following to leading

 Financials have looked a bit better all morning

Tech went from following to leading

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