After a great run for M3 this week (up almost 8%) the VDX for both SPY and XIV are on a cautious SELL signal. The SPY TrendX (right side panel) has not reached overbought levels yet and we may still see some further gains in the majors.
Note on the M3 login tab that stops have been tightened for Monday in order to preserve our gains. There will likely be some pullback ahead of the end of month typical surge and then, when earnings start, be prepared for renewed volatility pops as the dollar's impact on the big multinationals becomes apparent and it probably won't be in a good way.
HEADS UP....Chrome will not support Silverlight after April 1st so The TrendX chart site and the TrendX chart linked to the Newsletter can only be read with IE and Firefox.