The several months long disparity of SPY and XIV has been a frustration for making odds on the normal synchronization of these 2 issues since XIV is in fact a derivative of SPY, but right now the signals are in sync.
(M3 is LONG XIV this morning)
Dave Moenning has similar thoughts on the current state of the market. You can sign up for his daily market take and read his most recent post HERE.
These guys manage $5 billion and Dave is the chief investment officer so his words bear attention. There's always a nugget or 2 of wisdom that's way above the usual talking head drivel.
