Tuesday, September 18, 2012

Energy, Financials and Tech

Way too quiet today...

Here are what the 3 major groups look like, Tech strangely is difficult to find much on with regard to positive divergences, Energy looks the best short term. Again I present 2 charts for each, long and short term, but I think you can use these signals if you are looking to trade around positions or just get a little more nimble in the market which is what I'm leaning toward, at least until some key questions are answered and I feel strongly about all the timeframes.

Energy
 While the market is quiet, energy has been taking it on the chin, but into this leading positive 1 min divergence.

 There's the divergence on the 3 min chart.

 And here's a longer term perspective of  15 min chart which already did some damage to the group, so watching a bounce for signals of distribution or not will be important, volume is picking up in Energy so I think we are close.

Financials
 1 min positive

 5 min negative and a positive in to today.

 60 min leading negative

Tech
There aren't too many charts or timeframes that are really clear, the 5 min is, still, Tech should move with everything else.

I may re-position some things to get lightened up and nimble.

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