We got some enthusiastic buying today, perhaps in anticipation of the FED's meeting although that event has pretty much become a non event when reviewing actions implemented over the past 6 months. XIV enjoyed an almost 5% pop but still closed .25 below our previous stop point of $ 43.71.
While M3's technical signals are turning green the rankings have still not endorsed any positions.
Meanwhile, a closer look at the daily bar XIV chart shows the stagnation in XIV and the threshold that needs to be broken to get to the next level of appreciation.
