Opening Indications

So far everything is pretty close to in line except the DIA.

The NUGT long from Friday (spec.) is also in line which is good to see thus far.

 SPY in line with the "early strength" Monday morning forecast.

The DIA is the one major average that is not in line and looking a bit weaker on the 3C intraday chart.

There's "some" weakness in TICK, but I think this is probably just natural momentum movement.

NUGT is perfectly in line, note Friday's late day divergence (positive) that caused me to open the position, I still think there could be room for a little more basing, thus the speculative, partial position.

In a few more minutes we should start getting data out to about the 5 min charts which is what I'm really interested in as far as very near term forecasting.

I'll bring that to you just as soon as I have it.

Although USD/JPY didn't lift Index futures overnight, it has caught up to them a bit since the open, there is a positive divergence around the time Notwotny would have spoken and a negative USD/JPY intraday divegrence into the opening strength. As mentioned earlier, the correlation between USD/JPY and ES has held and any movement away from the correlation in the averages has been short lived as it returns to the mean of the USD/JPY correlation.

About a 4 a.m. positive USD/JPY divergence and a negative divegrence in to the opening strength.