Wednesday, February 27, 2013

Dull Overnight

After flipping through the overnight news and markets, there really isn't much that's exciting to report or even market moving except maybe that Bernie is in front of the Senate again today. Sure, Italy sold 5 and 10 year paper at higher yields as would be expected, but nothing that really wasn't already there, perhaps that's why the market is so flat since yesterday.

Even the futures look a bit boring...
 ES 1 min with a small negative divergence that already sent price a bit lower.

NASDAQ futures with a positive divergence around 5 a.m.

Tight now the 5 min chart are nearly in line with price, ES is just starting to diverge a bit to the negative side, that might actually make some sense if we get a solid bounce for a day, maybe 2.

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