Intra-day NYSE stock behavior normal?

Quote from futurecurrents:/coolweb

Well there is certainly a big divergence between the s&p and the naz on the daily since the new year.

How much divergence is sustainable? I would think the charts have got to come back together at some point here. Maybe these divergences among sectors is something to consider when applying otherwise mechanical trading methods.
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Wish I knew ''how much divergence ''; its a business not easy now.

But using your time frame, intraday, from first of year,
amoung my favorites, end of day , from first of year;
plus 3 months charts, end of day.

SPY,DIA, oil/gas sector are notably bullish ,above 50 dma;
QQQQ/GOOG is notable more bearish, below 50 day moving average. Intraday/eod.

So while havent shorted GOOG lately ,like shorting earlier FEB, QQQQ still looks at best weak uptrend/or simply downtrend below 50 dma.

Prefer probabilities of
longs Oil/gas stocks,NYSE. Nice uptrends like DIA,SPY.

:cool:
 
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