Wednesday, January 22, 2014

Treading Water....1.22.14

Tech and utilities kept up momentum joined by the emerging markets as seen in the Small World and Schwab models (EEM and SCHE). 
Volatility continues to behave badly with both VIX and XIV positive for most of the day.
The volatility spring is wound tight at this level and we're likely to see a substantial breakout in the next day to so......which way remains a questions.
The fade down into the last 30 minutes reflects the market uncertainty .