My Own Market Narrative
"It will take a rally of monumental proportions to save the penis of John McAfee" - Zerohedge, 2017
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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