etfmsolutions: An Overdue Bounce...1.30.14

Thursday, January 30, 2014

An Overdue Bounce...1.30.14

A bit of a relief rally today with the NASDAQ QQQ beating SPY by a 2:1 margin. If you think the selling is over you may want to wait a day or two to see how this bounce plays out. Of particular concern is the action of the VIX, which, although it was down 6% at one point, managed to close almost flat...thereby suggesting there's still considerable short interest lurking out there.

Just something to be aware of.

A really good day for QQQ and XLU....XLE (energy) was that laggard in the VEGA model.
SPY closed flat on the momentum line today.... another cause for caution.

Commentary and Updates

Mosaic Solutions commentary is typically published daily as time permits and market action warrants.
Posts feature Mosaic model updates including delta neutral stops, VIXEN directional trades and PONZO forecasts.

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