Tuesday, April 2, 2013

T6 bull model Update..4.2.13

Today's surge overrules yesterday's early doom scenario and utilities and health care (XLU, XLV) are the current leaders both in the markets and in our T 6 bullish model. Volume was actually quite low yesterday and that theme continues today as the SPY approaches an all time high.

The last 2 weeks have been a market of selective sector gains with tech and financials (QQQ & XLF) lagging in returns.

If the bull market is really going to take off that lag needs to become a lead, coupled with a continued low VIX ( less than 13).  Just something to keep an eye on.  The 11 component T2 default model, which includes a wider spectrum of sectors and volatility may also be helpful in tracking the QQQ&XLF momentum... which we will examine tomorrow.