Saturday, November 26, 2016

VDX Updates and M11 Signal...11.26.16

Another week to the upside for the indices....that's 3 in a row and the markets are extremely overbought at these levels. Nevertheless this is the tine of seasonal strength and the end of month cusp is coming up quick...typically there may be more run up before a meaningful pullback. (just keep in mind last week's Ponzo will be interesting to see how this week's forecast looks...posted Tuesday midday..
The IWM has been making new highs every day and once again M11 likes its odds.