Tuesday, December 23, 2014

New Highs...12.23.44

DOW 18000 and the SPY and IWM roll on.  Weakness in XIV was surprising after yesterday's pop but the lack of sellers may reverse next weak and this may be a prelude.  We remain in a seasonally
bullish mode while volatility is still looking for some traction.
Note the SPY TrendX in the right side panel.  We're getting to resistance levels on the TrendX and for the past 2 years the model has always bounced on of off the TrendX thresholds...just something to keep in the back of your mind as you overindulge in food and drink over the next few celebratory days. Have a Great Holiday.