etfmsolutions: Pop and Fade...11.3.14

Monday, November 3, 2014

Pop and Fade...11.3.14

New highs early in the session were followed by a gradual slow meltdown for the remainder of the day leaving the VIX 6.5 % up the major indices closed basically neutral.
Friday's surge was a hard act to follow and with all the markets at long term resistance the technical odds favor a pullback. Refer to the Ponzo charts posted last week to get a flavor for possible near term scenarios. The elections tomorrow may further roil the markets so we're in a wait and see mode.
We stopped out of UPRO today on a special intraday update for no loss.
XIV is failing to gain traction and has been kicked from the M3 roster at today's close.

Commentary and Updates

Mosaic Solutions commentary is typically published daily as time permits and market action warrants.
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