Monday, September 8, 2014

Looking for a Direction....9.8.14

A yin-yang day with a rising dollar and falling oil prices.  Volume was thin.
XIV was all over the place as the market tried to get traction, either up or down.
The SPY Vixen chart below illustrates the failed follow through to the downside.
For tomorrow the M3 outlook is neutral although the rankings are flashing a bullish signal.
Keep stops tight to avoid the whipsaws.
M3 updates are free until October 1st as my travel schedule has expanded for late September.