Tuesday, December 4, 2012

Market Update

AAPL found support as expected while the S&P and NASDAQ Futures as well as the EUR/USD futures (1 min) are all at a positive 1 min divergence.

Among the averages the divergences are a bit different, the QQQ 1 min positive is there and clear, the SPY less clear and DIA almost non-existient, but this is why I showed the 2 min positives and said not to write them off just yet.

So we'll see how far this intraday move goes and try to keep track of the underlying tone and breadth.

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