Wednesday, November 13, 2013

Quick Market Update-Then Looking at Trades

This has turned ugly quick, a gap fill for the most part and then ugly.

The MSI shows the R3K shorts underperforming...
 R3K (green) vs. the R3K Most Shorted Index, no short squeeze.

SPY 1 min intraday at the gap fill, then

There's no strength at all or migration of the divergence, the 3 min chart is still a negative or worse than yesterday.

The Q's with an opening intraday positive that has failed 1 min

And that weakness is migrating to longer charts, 2 min above.

The same with the IWM...
 Intraday 1 min was negative all a.m., it seems any strength this morning was sold in to

And the 2 min chart never even had a chance.

I'm going to keep checking on specific assets like PCLN, but others on my watchlist, while trying to make sure there's nothing creeping up in FX or arbitrage.

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