Tuesday, August 27, 2013

P6 and TrendX are Negative...8.27.13

Here's a real time ...pst 9:00 am...check on our default model with XIV sitting in for XLU. XIV is the VIX inverse so if markets are bullish XIV is high whereas if markets are bearish XIV is low.
Note XIV's current position at #11.

I'm using the new format again featuring the model TrendX and we should clearly be in a CASH mode to avoid the market drawdown that's currently underway.  How far this "correction" will go remains to be seen.
By the way...several market gurus announced today that a new bull market in gold is about to start.