Justa's Dive Bar

[Justa Werkenstiff]

C: This seems like typical pre earnings action to me and thus the readings that Jason has as they hang them high. Things get oversold and overbought with minimal point moves.
Boys have placed their bets and are waiting to see which are winners and which are losers.

Problem for the bulls on the Naz is that the rate of change on the daily shows the upward momentum lossing steam. Moreover, the QID daily here has multiple positive divergences going back to January on the charts.

The SPX looks better for the bulls and thus the better performance and the reason for my neutrality.

The Sox does its own thing and has been doing its own thing for awhile now.