Wednesday, June 25, 2014

Teeter-Totter Continues + RED Countries....6.25.14

The XIV was back to its close 2 days ago while the VIX was marginally lower.  This market just doesn't want to go down even in the face of weak economic news and we may be seeing another leg grinding up to the July 4th holiday.  For now its one day at a time and tomorrow we'll look at a couple possible scenarios for the next 6 months and possible tactics to profit therein.
Short term the sidebar TrendX charts of SPY and XIV appear to be turning up with plenty of room to move before the next exhaustion thresholds are hit.
Keep in mind that the TrendX charts are not price charts but momentum and relative strength graphics so they may or may not align with a price chart overlay.
Finally, in the lower metrics panel I find it surprising that all the countries in the WORLD portfolio are showing readings below the 5 day moving average.