Sunday, September 14, 2014

Slide Continues...9.14.14

The markets are showing a modest deterioration as the TrendX continues a downward slide. At mid-month there's few apparent catalysts to drive momentum and the news has taken a back burner as a volatility pump.  So far this looks like a "normal" type of correlation and M3 has us in cash until further notice.
VEGA had been essentially flat until Friday's drop (the drama of which can be seen on the SPY VIXEN chart), so the declines are sector wide and not restricted.