Market Charts

I went ahead and added that half URXY Russell 2000 3x long ETF back, although I'll be keeping  close eye on it especially with the Spanish banking review due out any moment.

 The DIA 1 min moved quite fast to the upside, this makes me a little nervous as I'd rather see a broader base put in, but perhaps something is known in the market about the Spanish review already.

 The DIA 10 min is still in positive position, thus the pullback today looks like a good opportunity to add some long exposure to play the likely upside reflected on this chart.

 IWM 2 min moved very fast as well, leading positive.

 The 10 min chart is like the DIA 10 min.

 QQQ 2 min also moved to a leading position very fast.

 Here's the bifurcation seen in the market since QE3 was announced, the SPY is not showing the same momentum, although it doesn't look bad here either.

The 10 min chart is still in leading positive position making a continued bounce likely and today's dip a good way to get some long exposure without too much downside risk on the pullback.