Monday, August 20, 2012

Market Update-Mixed Weakness

The QQQ and IWM are looking the worst as the early a.m. trade burns off.

 The DIA looks to be the second strongest among weakness, but even this 1 min positive divergence is already turning down, I thought maybe a gap fill, but being this 1 min is falling apart and there's nothing behind it, maybe not.

 2 min has no divergence, no strength.

 IWM 1 min is very weak, just a slight positive that could fail any minute.

 2 min looks bad too.

 QQQ 1 min with a slight relative positive, not strong

 Nothing at 2 mins at all.

 SPY looks the best, but this is even starting to lose traction since the capture

The bigger theme is weakness.

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