Market Update

As you can probably tell just from the ROC in the market averages, we have intraday negatives for a pullback from here, they are in all of the major averages (from 1-3 mins) and the Index futures (mostly only 1 min).

The SPY looks better than most and the QQQ looks the worst of the 4 majors, but again these are only out to 3 mins, beyond that at 5 mins, most of the averages and Index futures are positive.

This looks like the normal a.m. gap fade trade.

I'll bring you some more on several assets.