Tuesday, February 18, 2014

Momentum Stalls... 2.18.14

Essentially a flat line day with a few major stocks taking big hits...possibly an early warning of an impending reversal.  Financials have been unable to match gains in other sectors in the recent rally and that not good for the bulls when tech and financials fail to keep pace.
The VIX is once agian on the rise (along with XIV)_although on a daily chart this is not a technically reliable point of trend reversal.