Tuesday, March 26, 2013

Slow and Steady

The levers and the averages are slowly, but steadily showing improvement, AAPL looks to be the next lever to be pulled, it's amazing how this market is just completely sheered from the new SPX high as headwinds in the form of sellers are taking any opportunity to sell in to any higher prices.

 HYG 1 min has been declining in price since the open, however 3C is making it's first higher leading high of the day.

 TLT which has been rising has seen a negative divergence that is now leading

 VXX has also been rising since the gap down, it is turning negative as well, that's the 3 SPY arb levers, all are making a turn toward market support.

 The DIA intraday went from negative to positive, it already has some longer/stronger charts from yesterday.

 IWM 1 min was in line with price, it is making it's first higher high, 3C leading divergence of the day.

 QQQ is also doing the same

The SPY isn't there yet...
 At least not 1 min intraday, but...

It does have leading positive back up on the 3 min chart waiting and ready to go as soon as the 1 min falls in to place.

SPY Calls from yesterday remain open

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