Tuesday, April 9, 2013

Other Averages: SPY, DIA, IWM

So far my favorite among the averages is the Q's for a quick Put position, however among the 5 min futures it's ES/SPY and TF/IWM, perhaps that will sort itself out. The DIA has been the strongest of the averages for almost a week now.

DIA
 1 min Leading negative



 3 min leading negative

 5 min leading negative

IWM
 1 min leading negative pretty bad

 1 min intraday

 2 min leading negative

 3 min leading negative pretty bad

 5 min leading negative very bad

 10 min shows the strength from last week and why we were expecting more to build before the algos ran the market up, there's still most likely a decent base there, but we'll have to look at everything with new eyes.

The 10 min here is totally flat so it's lading negative the last 2.5 days

SPY
 1 min leading negative

 2 min leading negative and pretty bad as this is intraday

 2 min with some context, leading negative

 3 min leading negative-all are worse in to today, as I said yesterday, I don't trust this move.

 SPY 5 min

The 10/15 min charts that were so strong last week, the reason we too out some long positions, but again these will have to be viewed from a fresh perspective on a move down.


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