Wednesday, February 6, 2013

Early Update

So far even the normal gap filling process is very slow, there appears to be a continuation of the move from early afternoon underlying improvement to late afternoon deterioration, although there are a few stocks, AAPL in particular that do appear to be interesting in what it's going to do, perhaps not so much in the immediate future, but it my be working on something.

 Some  early Dow weakness...

 IWM weakness is more impressive at the moment..

 As is QQQ weakness

 Even with the TICK slightly positive....

The SPY is showing some early weakness, but this is still very early, it's how these charts move from here that will be telling.

I'm of course looking for the QQQ puts to work in the near future.


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