Tuesday, January 8, 2013

Early Market Update

Now some of the earlier positives that were starting like the DIA and IWM are getting stronger, the SPY which was in line is starting to go positive and the QQQ that looked the worst is now moving up to in line status, so all around improvement from earlier. Not much has changed in the Futures.



 DIA this a.m. is improving on the earlier start to a positive intraday divergence.

 IWM 1 min has now migrated to the 2 min below

IWM 2 min in leading positive position

 QQQ 1 min has at least moved to in line.

SPY has moved from in line to slightly positive.

So far these are all 1 min only except the IWM, as yesterday the late afternoon negatives were from 1-3 min so the market has to reverse that first, but I think it will.

I'm going to look at some other indications.

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