Market Update

After an initial quick look around, there's some interesting things going on, not quite mature, but AAPL as you might recall I'm looking for a new Put position on a bounce, did trigger the first of 3 price level alerts.

As for the FX correlation I mentioned earlier...

ES is in purple, right around the open the EUR/JPY was heading up, ES down, this is not close to normal.

The Russell 3000 Most Shorted Index I created is also not performing well (red vs R3K in green).

The Russell 2000 futures actually look worse than the R2K, this is the 5 min chart of TF (the R2K futures) with a negative divergence at the weekly high this morning.

This is the 1 min chart with a decline since... about 6 a.m. EDT

VIX protection is bid, but as far as a VXX call position which may be a possible trade, the short intraday charts aren't there yet. The actual VIX futures look like this...

 The 15 min positive on the VIX futures has moved to a stronger 60 min chart, it doesn't look as impressive, but it's a much stronger divergence on a 60 min than a 15 m,

The 5 min shows the recent activity in VIX futures.

As for VXX, short term VIX futures...

 Here it is outperforming the inverted SPX (green) so there's a bid, but then again...

This 5 min chart shows there has been one constantly as VXX should be the mirror opposite of the SPX above and it has failed to make a new low over the last 4 days.

So far the only intraday average with an ugly 1 min signal (mind you I'm only addressing 1 min) is the Q's which makes AAPL even more interesting even though it still has that positive divegrence from yesterday.

QQQ 1 min which has been choppy is now trending more clearly negative.

As for AAPL, you know what I'll be looking for, I'll update you on the short term put position and about that 30 min chart that started falling apart for a longer term possible short.

Otherwise, I'd like to see some clear, obvious signals in VXX short term, HYG, the usual suspects.