Market / TICK Update

There's a specific theme on all 4 averages, 1 min intraday confirmation of the gap either on the open or sometime after and then absolutely no confirmation in the 2 to 3 min area, we consider those timeframes intraday for intraday moves and market makers/specialists, we consider institutional signals as starting at the 5 min chart.

 DIA 1 min early confirmation and deterioration since

DIA 2 min deterioration with a leading negative divergence, I might like SDOW as a long based on the DIA signals above.

DIA @ 3 min intraday, no confirmation at all, on the same trajectory of distribution which can be selling or short selling as both come across the tape as a sale.

 IWM 1 min confirmation, intraday in line.

IWM 2 min not even a hint of confirmation or any strength here, in fact the opposite.

QQQ 1 min with early confirmation and now starting to go intraday negative

QQQ 3 min chart leading negative like the others.

SPY 1 min starting to leading negative

3 min absolutely no migration of any positive underlying money flow.

The NYSE TICK chart (all NYSE stocks advancing less declining stocks) is at a VERY thin range of about +/- 500, this means very few stocks are moving at all right now.

Intraday momentum is stuck.