Wednesday, January 21, 2015

Initial Reactions/Opening Indications

A quick look around and there's a lot of the same, initial pump, then a quick rethink. Certain assets are moving as we expected such as Gold and Oil being two of the most notable.

 SPY's late day negative from yesterday on a 1 min intraday, now in line

QQQ 1 min also with a late day negative yesterday, in slight leading negative position.

IWM 1 min

IWM 2 min slightly leading negative after being nearly perfectly in line.

The 3 min base/bounce divegrence is still intact.

 ES, as mentioned with a small positive divergence before the open and now in line.

 NQ is the same

As is TF.

Really not much of a move in TICK, barely above +1000 even on the initial rumor/leak.

GLD seeing downside from the opening gap which is in line with recent expectations anyway, covered yesterday.

USO moving up on the open, also along the lines of recent expectations covered as recently as yesterday.

UNG with a positive divergence after the recent pullback and moving up this morning.

Interestingly, EUR/USD's reaction, almost totally faded.

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