Wednesday, April 2, 2014

Time for a Pause?...4.2.14

Another up day although QQQ was in the red midday.  Utilities (XLU)continue to fade while energy (XLE) picked up the pace once again and hit another new high. We're at a critical juncture here regarding volatility as prices have actually risen above momentum signal parity = technically overbought.
The M3 SPY Trader went into a Short Term ALERT mode today having racked up some recent gains relative to the SPY.  That XIV long status is now in jeopardy.