Friday, October 5, 2012

Volatility-Market Update

There's some interesting volatility, apparently the NFP reaction isn't as simple as conventional wisdom. We're just coming out of the deceptive a.m. trade so things should get more interesting, but for now....

 IWM intraday 1 min seeing some deep volatile moves so far

 NASDAQ futures intraday still holding that negative divergence that has sent them off their highs and below the NFP knee-jerk pop.

 QQQ also seeing some very volatile 3C swings with a relative negative divergence at the recent highs.

SPY leading negative intraday on the 1 min, also what I'd call volatile.

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