Friday, July 11, 2014

Tentative Green...7.11.14

The indices managed to close in the green today despite SPY and DIA spending most of the day in the red.
XIV climbed into the open and then tapered off for the remainder of the day.
Given the position of the Pairs charts (below) it looks premature to give an all clear for resumption of the bull trend and with July options expiration next Friday we're probably in store for more than usual volatility next week.
M3's closing signal for Monday is cash.....today's surge being unable to produce a vested projection from the rankings calculator.