Tuesday, March 31, 2015

Worried About the Dollar...03.31.15

First day of month tomorrow SHOULD BE bullish. Friday is a holiday so Thursday becomes the Friday for this week..SHOULD BE bearish.  This keeps with the volatile yin yang theme we've traded through for the past few months and March in particular.  Long term trend is still bullish but the TrendX is currently in limbo..  Models are in cash for Wednesday and while the SPY/XIV correlation is in alignment short term, longer term its in contango.  ALL eyes are on upcoming earnings and the possible impact of the rising dollar....it could get ugly in a hurry.