Thursday, August 2, 2012

Intraday Update

So far everything in the averages is about in line, some a little ahead like the IWM, some starting to fall behind like the QQQ or right in confirmation like the SPY.

I'm hoping to get some decent divergences and maybe a shot at some UVXY or VXX calls.

 DIA is a little leading positive on the intraday 1 min as it heads for a gap fill.

 As is the IWM at a gap fill

 The QQQ has early signs of turning intraday (1 min) negative as the gap is filled and then some.

The SPY is nearly perfectly in line or trend confirmation.

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