Saturday, May 10, 2014

Signals Remain Positive...5.10.14

Despite the narrow range behavior of SPY the markets were able to book some modest gains and M3 has a positive signal as XIV has been able to sustain a top ranking for  days.
Check on Traderfeed's recent post on the state of the Russell and how that has played out in the past.
And, the FSC composite momentum look at the markets also shows a fading of the short term red buttons, supporting a bullish least short term. (as a cautionary note check the prevailing high short interest in some of the bigger momentum ETFs, including the EURO...more on that in a later post)