etfmsolutions: T2 Update..4.10.13

Wednesday, April 10, 2013

T2 Update..4.10.13

Nothing like a threatened missile launch by North Korea to set the markets on a bull run.
Volume has been running 50% par for Monday and Tuesday and today's numbers are just slightly improved so far.
QQQ and XLF are showing strength and this may auger well for continued market momentum. We are not seeing a fade down in today's action as of 3 hours in with the markets at new all time highs and the NYSE advance decline line approaching a new high for the day.

The default T2 portfolio is still showing TLT as # 1 ranked, which will obviously change tomorrow based on today's bond reversals.
Note the TrendX chart of the TLT on the right side panel. TLT has had a nice little run but the odds were clearly stacked against it on a technical basis and it was due for a fall.

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