Tuesday, March 24, 2015

Conflicting signals in the market

This is annoying:

High yield is still going up. So there's no fear.

But transports are really sucking, so by Dow theory the US is eminently sellable.

And $VIX is already awfully low.

But yet RSIs for QQQ, IWM and SPY are still all reasonable.

So I have no idea what's going to happen next, but my antennae are twitching.

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