Weakness Persists...3.27.14

Another red day and another day where QQQ and XLF were the weak sisters relative to other VEGA components....a bearish indicator.  XLE and XLU were the VEGA leaders....and while XLU often operates in a momentum contrary to SPY XLE is a bit of a surprise, but the Crimea situation may still be stimulating uncertainty in the petro markets.

Bonds in the form of TLT 20 year treasuries are currently uber overbought as a safety net so the action of the next couple days will be critical in determining whether we'll see a reversal to the upside or a continued slide.

Tomorrow's TRENDX prognosis looks bearish unless some particularly positive overnight news puts the markets in a better mood.