Monday, July 8, 2013

Quick Market Update

There are some interesting moves in different assets on the open, I'm just finishing up a very interesting and enlightening Futures post, many assets have seen significant movement and what was not clear last night or not a strong edge in many cases, has seen a very clear move. Most everything is still in line with last night's Futures theme, I can't think of anything off-hand that is different, just several assets have seen stronger signals and whole entire other asset classes have been added.

As far as early indications in the market, TLT has gapped up as the futures suggested we'd see stronger performance in Treasuries, a typical flight to safety trade, yet the market gapped up as well and VIX futures down. Perhaps the next post will shine more light on the subject. By the time that post is out, I should be able to get a more reliable read on the market, but as of now, there is opening weakness in all of the major averages (Dow, SPX, NDX, R2K), this is in the 1-3 min intraday timeframes, some are surprising to see 3 min signals this early and weak.

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