Up, down. up, down...that was today's neurotic action as the major indices closed in the red but XIV and VIX were both green. These are dangerous markets and with tomorrow being the bear skewed day of week the possibility of another Trap Door looms large. Now, I'm not a doomsayer, just risk conscious and risk adverse and the M3 models remain in cash in anticipation of Friday's action.
The SPY TrendX is clearly downslope (right side panel), which increases the odds for the bears.
Oil was the big winner on the VEGA model....just like yesterday plus UUP was up (bearish).