Wednesday, November 5, 2014

Tentative Strength Continues...11.5.14

The behavior of XIV continues to be worrisome as it is woefully underperforming UPRO and even SPY.  The last 10 minutes saw a bullish volume surge, putting QQQ in the green (having been red all day) and finally giving a boost to XIV  The NYAD closed near the lows of the day.
Energy stocks were the big winners, silver was  the big loser.
The VIX dropped almost 5 % and prices are up marginally in after hours trading.