Tomorrow's Friday so we're facing a 70% bearish skew. Meanwhile, earnings are mixed so far and the big dogs start reporting next week so we may see some fireworks then. The markets started out hesitantly today with some wide swings in the NYAD and the indices ultimately finished in the green although there were a few laggards of note. The dollar's back up to 26 and model performance continues to follow net earnings guidance.
It was a good day for both LM and M3, but the usual caution remains to follow stops religiously.
The current VDX profiles for SPY and XIV remain neutral to bullish.