Yesterday's FED driven market pop evaporated like a puff of smoke before the open today. Once again there was some modest strength into the close and the VIX subsided from an almost 10% jump but once again we're in a tenuous support position (see TrendX charts in right side panel.).
Per yesterday's comments on using VIX action as a forward looking telltale the free access TrendX site has been revised to a 10 minute bar format and a XIV / VIX real time chart has been added to the mix.
The M3 short term ALERT has remained in a STOPPED mode through yesterday's positive move and is still at that status demonstrating its true value when debating the wisdom of a new vested position based solely on the input rankings.