Friday, May 10, 2013

Quick Market Update

I'm jumping to Leading Indicators analysis, but before I do a quick market update, the SPY is the example as the averages are all similar and the theme is the same.

 1 min is intraday movement, this is positive


5 min is institutional, this is leading negative, I also included short term TSV 18 and long term TSV 50, both also showing distribution. TSV-especially 50-I think I'm the only one that uses a setting that long, is great for the underlying TREND, it's not nearly as good as 3C for specific signals.

So intraday bounce-look for opportunities like AAPL, but in to that I'm sure we'll see distribution.


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