etfmsolutions: XIV Soars...4.1.14

Tuesday, April 1, 2014

XIV Soars...4.1.14

XIV continued its acceleration today, gaining over 3% by the end of the day while the VIX collapsed almost 6%. The DOW did penetrate 165 today...it's taken a while since we projected that target a couple weeks ago, but momentum in all the indices pushed it over the top.

Utilities were weak (XLU) while QQQ has again gained the momentum edge...always a bullish sign.
Checking the SPY TrendX in the right side panel suggests there's a lot more opportunity to the up side before we hit the next overhead resistance level.

If interested, here's another article on high speed trading following yesterday's post.

Commentary and Updates

Mosaic Solutions commentary is typically published daily as time permits and market action warrants.
Posts feature Mosaic model updates including delta neutral stops, VIXEN directional trades and PONZO forecasts.

NOTE: Posted risk exposure indicators, signals and metrics apply to Mosaic models only. They are not directly correlated with price movement in the major market indices and can not be used to forecast directional changes in those instruments.
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TRENDX is a proprietary Mosaic market signal that blends volume, RSI, momentum and rate of change.

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