Sunday, April 20, 2014

Weekend Wrap....4.20.14

A positive close on Thursday but the risk adverse were clearly hedging their bets into the long weekend. 
The Qs continue to underperform SPY as can be seen from the M3 reports below.
XIV is ranked #1 in both cases suggesting a short volatility strategy for now although the SPY short term ALERT appears to be reversing.
Meanwhile, the Small World model has gone back into vested mode as EEM has once again turned positive (tentatively).   .
The next couple weeks should be interesting as traders consider a recent spate of articles on the old Sell in May adage, which has actually been a wise strategy on a long term basis (eg. > 20 years).