Friday, October 26, 2012

SPX and NASDAQ Futures

Both futures are pretty close to in line and are not showing anything extraordinary since the US open.

 ES 1 min positive earlier in overnight trade, leading positive in to pre-market trade, a small negative divergence in regular hours this a.m. and about in line.

NASDAQ futures had a larger positive divergence in overnight trade and in pre-market trade and a smaller negative divergence in regular hours, also it's a little better than in line right now.

It's still very early and the intraday volatility we are seeing has been quite common. I'm not reading too much in to any of these signals as of yet as none in regular hours trade really stand out.

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