Wednesday, May 28, 2014

XIV Pause....5.28.14

The markets closed in the red today but only modestly so.  As we approach the end of the month cusp this may simply be a setup for the usual bullish pop. There was a slight change of leadership as XLU surged and XLF faltered.   The markets were actually quite choppy as can be seen from the SPY VIXEN.
Also note how XIV has gone its own way relative to SPY on the TrendX charts in the right side panel.
As of today's close the M3 Trader is maintaining the XIV,SSO, SPY bullish ranking.