On the other hand......looking back the past 4 years the first part of the week following Memorial Day has been dismal and with a new high in hand there may be some profit taking once volume returns.
Meanwhile, the Mosaic big picture screener maintains a bullish trend although XLE shows signs of pulling back...at least short term.
XIV has been on fire for the past 2 weeks as reflected in the XIV, SSO, SPY Trader ( 5 minute and daily bars) and, M3 has been able to book some great returns with XIV in the #1 rank.
M3 fired a Short Term reversal ALERT at Friday's close...another reason to consider lightening up a bit.
(see performance chart below).
