The ES gapped up and gained 18 on the day. This makes the short term chart positive since it has closed back above the 10ema.

The NQ futures also closed back above the 10ema and turned short term positive. There was some distance from the HOD to the close which is not encouraging to the bulls.

10-day Trin is getting close to the zero baseline.

Multi sector daily chart:

The SOX was strong Tuesday and has turned the relative performance chart for the better. The trend remains down but there is something to build on.

The OSX was the top major index on the day and closed above the 10ema.

The SOX outperformed the NDX but remains boxed up. Price has been consolidating for a number of days here and should move powerfully once the range is resolved.

The BKX performed with the broad market.

The BTK underperformed the market but did settle back above the 10ema.

The XAU was the last laggard on the day and was a source of funds along with FB. Yup, I said it.

Oil:

Gold:

Silver:

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