Sunday, January 28, 2018

XIV Long for Monday......1.28.18

Friday was a weird day with both VXX and XIV opening in the green and continuing so into the morning session...then reversing in the afternoon session with both ETNs closing in the red.
For Monday we're long althought the TrendX and Paradigm Alerts are not in perfect sync.
I've shown the expanded metrics panel to show the solidly upslope trends in both the ATR and PCL charts.....which is responsible for the climbing "best bet" limit stop odds which has modulated from Thursday's 1.7 to Friday's 1.6.
As XIV momentum decouples from the SPY.....the index upon which its intrinsics are derived, we should be wary of large vested positions until we see a more synced alignment and we'll look at those possibilities later in the week as time permits as I'm on jury duty this week.