Tuesday, August 14, 2012

Opening Indications

 DIA 1 min neg. on the open

 DIA 2 min neg. on the open, starting to lead neg.

 DIA 3 min leading neg.

 IWM looks really bad here -1 min leading negative

 IWM 2 min deep leading neg.

This really looks like it's it for the IWM, if I wanted an IWM short I'd probably be taking it right here.

IWM 3 min

 QQQ held up the best recently (yesterday) because of AAPL, the 1 min is starting to fall apart.

 2 min has been in neg. position all day yesterday and today.

 So has the 3 min

 and 5 min, indicating the intraday ramp was sold in to using AAPL to facilitate the move.

 SPY 1 min looks horrible, leading negative

 SPY 2 min also leading neg.

3 min too.

Remember UVXY's VERY sharp leading positive divergence yesterday, especially in the afternoon, they were stocking up and it looks like volatility will be making a comeback.
UVXY up over 4% so far and still very positive.

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