A morning sell off was met with a late afternoon rally ...of sorts. Utilities really saw a bump today via the VEGA model and the day closed with SPY trending neutral. Retail (XRT) reversed course from yesterday and plunged thanks to bad earnings from Best Buy and a couple other disappointments.
Note that SSO is the # 1 ranked slot and XIV has been cancelled as a trade...no doubt the bizaaro behavior of the VIX and XIV over the past 10 days.
Also note the SPY TrendX chart in the right side panel....still plenty of upside potential if the markets decide to go for it.
