Tuesday, June 4, 2013

Market Update-Random Charts

I will tell you, even today where we pretty much predicted the entire move up until this point, the market sure looks different, again, things are changing fast, I want to try to stay nimble and not get too weighed down.

Here are some random charts of different assets, what is strange is almost every time you look at them (even just a few minutes between glimpses)  and they look different, I'm not saying they always look better, sometimes a few have scared me and I came back and they looked better, it's just very strange and this is what I meant yesterday about there being a lot to learn about how fear works in the market as this is a once in a 5 year opportunity, to this extent, maybe a once in a lifetime opportunity to learn.

 HYG already leading at a new intraday high, but there aren't a lot of charts much further out and I don't think there can be without more of a basing process.


TLT getting a sharp leading negative which is market positive when it moves down.

 VXX doesn't show much in intraday timeframes, but you get to 5, 10 min, etc and you can really see the negative divergence that makes the Index Futures 15 min positive seem to really confirm.

IWM 2 min leading positive which is pretty big for so little basing time.

TF-R2K futures

NFLX intraday has been very positive.

USD/JPY moving up is market positive, a leading positive as it has been in line almost all day

The change in trends on the TICK chart.

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