Wednesday, January 16, 2013

Quick Market Update-Futures

This makes total sense considering the NASDAQ's position and AAPL, etc.

 SPX futures intraday in to the highs are at several negative divergences.

NASDAQ Futures are in line.

No surprise there at all.

As for the averages, as expected the SPY is negative intraday and the QQQ is perfectly in line with price. The DIA is getting ugly intraday and will probably see downside soon. The IWM still hasn't moved at all.

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