Sunday, November 1, 2015

VDX Updates for SPY, XLU, FXI.....11.01.15

SPY is working off overbought status while XLU has now retraced back down to oversold levels after an impressive run up.  FXI is net neutral at this point although BABA (not shown) has been a powerhouse of bullish momentum.  As earnings continue to report we are now entering the historically best bullish 5 months of the year.  Tech (QQQ) is clearly outperforming  SPY, which is typically a bullish indicator.  The skew is therefore positive near term.