Tuesday, January 20, 2015

On a Bullish Cusp....01.20.15

There was modest positive momentum and the volatility divergence between XIV and VXX is starting to reconcile, suggesting the beginnings of a tradable trend in the near future (maybe tomorrow).  XLE continues to muddy the waters, but stepping back for a longer term view the SPY TrrendX is now in a potential bounce mode back up to resistance ....see right side panel.