XIV went negative early on but then joined the party and closed solidly in the green.
Low volume continues to characterize the action over the last 2 weeks = few sellers.
The rally was board based and across all sectors and the only caveat is that we are now firmly in overbought territory. However, this condition hasn't stopped the markets at previous such junctures from breaking out to substantially higher levels and given the usual end of month push we may not see any meaningful pullback until next week.
