Market Update

There are several charts here other than the usual. As I touched on earlier, with some of the bigger divergences we have seen they build out to positives in the 15 and even 30 min range, then they come back around in what I believe is market makers/specialists that are stocking up in anticipation of a move which they would have some privy to as they are used by institutions to fill these larger orders. A number of the 15 min charts are already at the point I would normally say, "There's a big move about to occur". True that event risk has me a bit hesitant, but I can't discount the unknowable, I have to stick with the charts.

This is a bit of a random collection, but that's the point, I tried to mix it up with some ETFs, market averages, currency, stocks... There are plenty more, but I want to get this post out.

 AAPL 3 min leading positive.

 BIDU 3 min leading positive

 EDZ-Emerging Markets 3x BEAR ETF 5 min leading negative (this is confirmation compared to the long stocks/ETF's leading positive).

 FAS 3xBull Financials 5 min leading positive with a good trend as well.

 FAZ 3x BEAR  leveraged Financials  5 min leading negative-the opposite of FAS above.

 FXE 5 min Trend relative positive and today leading positive

 IWM 3 min trend and today both leading positive

 NFLX first leading positive divergence, much bigger than the last to the left.

 QQQ 3 min leading positive especially today

 SPY 5 min leading positive through today (note the yellow, blue and orange 3C indicators are all coded differently, thus the blue showing a lot of 3 min signals while the orange is showing more 5 min signals-it's a function of the coding and look back period).

 TNA 3x leveraged BULL Small Cap 5 min leading positive

 TZA 3x leveraged BEAR Small Cap 5 min leading negative-the exact opposite of TNA above.

 UUP ($USD) 5 min continues leading negative

 XLF-Financials 5 min leading positive-also note the flat area where we often see divergences form.

 XLF longer 5 min trend-also in a lateral area.

XLK Tech 3 min leading positive-like the tech stocks above, BIDU, AAPL, etc.

Like I said there are many more, I just wanted to give you a peak at the confirmation through different asset classes.

We haven't seen a volatile options expiration shakeout in some time, lately they have been pins that tend to stick close to where they had been trading most of the week, but I also don't recall seeing such a huge difference between the number of PUT vs Calls open interest.