Market Update

A couple of the averages have lost their divergences completely which is not hard when all you have is a 1 min in place, the SPY and DIA have lost it, the Q's and IWM are holding some, but all of those negative charts that have been in place and have grown worse during the move up this week are very close, it's almost a "Razor's Edge" kind of deal, this is why I had no problem adding leveraged shorts yesterday.

I wanted to get that out to you and I will put out some of the important charts, not all of them, just the key ones at this point.

I'll also look at Tech as that was the one area I didn't feel comfortable adding shorts to yesterday.