For the most part, the market is seeing fairly broad confirmation on some of these whacky moves, there are a few assets standing out with divergences and once again, you'll see in several assets as we saw yesterday, just before the NFP this morning at 8:30 and in some cases like the $USD and Treasuries, there were signals ahead of time that look VERY MUCH LIKE THE NFP WAS LEAKED AS MUCH AS 2-3 DAYS AHEAD OF TIME (judging by the $USDX divergence).
The averages...
DIA intraday had a small negative divegrence at the a.m. highs, it has been largely in line though with a bit of a leading negative position right now, but nothing that is really that noteworthy, I'd sum this up as "In Line" or "3C trend/price confirmation".
The IWM intraday is pretty much perfectly in line
The QQQ shows a small late day positive divegrence from yesterday, the gap up is about right for the size of the divergence and then a small negative this morning and is in a slightly leading negative position, but again, very close to in line.
The SPY also shows the same late afternoon 1 min positive from yesterday and a negative divegrence at the a.m. highs this morning with a slightly leading position, but again, largely in line.
VXX however saw what may be our head fake move, yesterday I noted the nice rounding bottom in VXX and the stellar leading positive divergeences, but that it had not seen a shakeout or stop run which is very common right before a reversal (to the upside in this case), that may have been it as it shows a leading positive divegrence at the move this morning.
This is GLD, I mentioned earlier the lack of confirmation on the move up which I would not have expected anyway as there's a process, this looks like knee jerk and I doubt it holds, but we'll continue to monitor it.
GDX/gold miners has the same non-confirmation on its move higher this morning just like GLD/gold.
Index Futures... The same is pretty much seen in Index futures, some minor divergences, but nothing actionable, largely in line, but there's still some interesting activity pre-NFP.
ES with an early morning , small positive divegrence leading to the 8:30 NFP release and since then, in line (green arrow).
NQ (NASDAQ 100 Futures) also show the very early morning small positive divegrence, interesting that they were there as well in some of the averages as of yesterday afternoon in to the close, this is around 5 a.m. to the NFP and then in line since with a slight negative leaning position.
TF (Russell 2000 Futures) show the same positive right before the NFP this morning (not marked, but to the far right before volume picks up at the open) and again, since then, in line- in fact nearly perfectly.
After several days of positive divergence on 1 and 5 min charts in the $USDX, there's a clear 1 min negative leading right in to the NFP pop up, then $USDX falls and moved to in line.
Treasuries which initially fell (and it may look like a very brief moment, but with HFTs that can place thousands of trades per second, it's an eternity), also showed what looks like manipulative behavior as there was a negative divegrence in early morning hours before the NFP then in line and right now there's no confirmation of the move higher as 3C is sitting in leading negative position.
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