Thursday, April 3, 2014

XIV Goes Flat...4.3.14

As suspected in yesterday's post XIV has now taken a pause and gone to a CASH position...along with SPY and SSO.
Meanwhile energy in the form of XLE continues to run wild even as several of the XLE component stocks took red hits today...so its a mixed bag.  Short covering may be the culprit.
QQQ was the weak VEGA component ...reversing recent strength, while the DOW (DIA) was the strongest of SPY, QQQ and DIA.
Tomorrow's Friday...typically a bit more volatile than the other week days, but the M3 crystal ball is providing little guidance at this point other than caution