Tuesday, July 1, 2014

New Highs....7.1.14

July 1st and the markets roar to new highs, including XIV.  Volume also picked up which tends to support an argument for further gains into Thursday's half day session close.  The SPY TrendX side bar suggests there's still upside potential and with today's pop it may only be a matter of days until SPY 200.
XLU (utilities) were particularly weak, further supporting the bulls case and the easing situation in XLE premised on expanding inventories is another positive for the markets.
QQQ was particularly strong.....all the stars are aligned.