Updated from 7:14 a.m. EDTNEW YORK ( TheStreet) -- Nasdaq OMX ( NDAQ) and IntercontinentalExchange ( ICE) on Friday made a joint proposal to acquire NYSE Euronext ( NYX) for $42.50 in cash and stock. The offer is valued at about $11.3 billion.
Negative technical divergences are spreading among the 9 global averages that best measure the staying power of the post-election rally in major indices around the world.
The exchange traded funds Diamonds, Spiders and QQQ's remain positive but overbought, while transports has a negative chart and Russell 2000 shows declining weekly momentum.
Reduce holdings on global stock market strength, as the rise in momentum slows - The only new high occurred in India, while transports and small caps lag in the U.S.
The exchange traded funds Diamonds, Spiders and QQQ's remain positive but overbought, while transports and Russell 2000 now have negative weekly charts.