Thursday, August 16, 2012

Opening Indications

Much like ES, except worse, the opening indications don't look good.

 DIA is the best it gets and it is negative on the open, it goes down hill from there.


 IWM is deeply leading negative on the open.

 The QQQ positive divergence yesterday looked like it should be able to move higher than it did, however it also deteriorated in to the close with credit, the open is not even making an attempt to confirm and is leading negative.

The SPY is also leading negative.

I tend to watch the Russell 2000/ IWM the most as it should always be the leader of a risk on move and it is showing some of the worst performance thus far.

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