Monday, March 11, 2013

IWM

This looks horrible, definitely keeping the IWM weekly Puts, I'd be tempted to look at an April Put as well, I am not at this point, but if I didn't have the weekly open, I would open an April monthly.

Volume is horrible on the IWM, I think this explains why everything incl. the kitchen sink was used to try to boost the averages, volatility, AAPL, anything they could use to ramp on this volume.
 Short term charts and long term are meeting, today's 2 min -note resistance at Friday's close and a deep leading negative

 The 10 min trend

 The 60 min trend, this is the cleanest view of underlying trade and the worst looking for the IWM.

As for futures for the R2K
They too are negatively divergent here.

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