Early Market Update

The expectations were pretty clear from yesterday, the Q's were showing underlying strength while the rest of the market was showing underlying deterioration, that much has played out in price this morning, but what is also starting to develop are not only worse signals in the averages other than the Q's, but some signals in the Q's themselves now that they have finally pierced resistance.

I'm not hitting the panic button yet, but this is partly why I want to do some spring cleaning with longs like AMD.

I'll bring you a visual presentation as soon as I can get to the charts without them moving 1 minute after they are captured.

There is some significant deterioration though in averages like the SPY and DIA.