Thursday, January 10, 2013

Quick Update

Today reminds me a LOT of yesterday as there were a bunch of small, annoying signals and then later in the afternoon there was a very clear short term positive that led to futures moving higher overnight and our gap up today-I'm just hoping we get just as clear a signal today.

In addition to the last market update, ES is now negative as well.

ES 1 min from positive at the lows to negative here.

The SPY is negative to different degrees from 1-5 min.

The DIA is the same.

The QQQ and IWM had ugly underlying trade yesterday  and they are playing that out in price today, but that seems to have flip-flopped a bit. Both the IWM and the QQQ have a mixed bag that overall is more positive than the SPY/DIA. The QQQ is stronger than the IWM as far as the signals go, but again they are mixed from several positive timeframes, some in line and a couple of negatives.




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