Monday, October 25, 2010

10/25/10 Update

Daily stochs are showing strong divergence in SPY.
Today SPY was up and the VIX was up, this typically is not a good sign for the market as the VIX move shows the underlying uncertainty. Yet another divergence pointing to a roll over soon.
BPSPX:CPC was still up, but the rate of change in the 20ma is slowing down. It has yet to rollover, but it is slowing down. Again we must wait for the 20ma to turn over before getting full short again.
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