Quick Market Update

Even as a knee-jerk reaction, it' pretty mellow, I was surprised even during the pressser, there were some interesting parts and we'll talk about them later. First, a quick look at the averages as well as volatility.

Bill Gross of Pimco, did tweet he thinks QE will end sooner than later, but this is a much more complicated discussion than I can post now.

 DIA still in leading negative position, intraday a negative divergence that has sent the market off the highs, how much it changes from here tells us a lot, but yesterday we were looking for price strength today based on the same very short term charts.

 The IWM is the only average that is nearly perfectly in line intraday.

 The Q's looked stronger earlier, they saw price strength from that and have since put in an intraday negative divergence.

 SPY with yesterday's positive divergence and a leading negative divergence today, also an intraday negative

 VXX-Volatility Futures has remained strong intraday-yesterday we expected downside in VXX today because of yesterday's negative divergence to the left, today's positive is more impressive right now.

The inverse of VIX, VXX and UVXY is XIV, which basically moves with the market, it confirms the VXX chart above as it has a leading negative divergence.

Still looking at several assets that are on the edge of tipping.