Monday, March 2, 2015

What, me worry?....03.02.15

The first trading day of the month and hope springs eternal for the bulls. Despite the risk profiles posted over the weekend the indications are for at new highs based on the behavior of the XIV, which continues its rise out of the ashes and is now fully in sync with SPY beta momentum.  Volume was not supportive today, but we've seen low volume runs before and at these lofty levels there's still a lot of hedging holdimg the markets in check.