Saturday, April 2, 2016

VDX and MOD Updates....04.02.16

This week's SPY and VIX VDX charts are a bit divergent.  The SPY is now oddly NOT overbought according to the VDX, suggesting risk off for more possible SPY gains.  The VIX chart is noncommittal suggesting a possible consolidation or range bound scenario for the near term..
And then there's the TLT MOD outlook which is neutral to down.  This is the same outlook as the TLT/currency pairs MOD that was posted last week so there is consensus on those odds.
TLT did go ex-div on Friday so the distribution skewed the neutral closing.
Note that the high odds AP signals on the TLT are now net short.