Tuesday, April 10, 2018

QLD 50% long for Wednesday....04.10.18

Same signals going forward.
Just a note:    when we say "50% LONG" that means that one or the other of the models is long.
The current metrics show PVOL outperforming the VIXEN in the past 5 days but that could change in a heartbeat.  As always, our primary concern is risk management and preservation of capital and playing volatility (Vixen) against price (PVOL) has so far turned out to be winning strategy.
Note that "best limit odds" have eroded from 3.5% yesterday to 2.9% today ...dramatically illustrating the rapid decline in underlying market volatility in the Qs although the ATR and OC charts still demonstrate an upslope RSQ while the P6 is clearly downslope.......looks bullish.