Monday, November 1, 2010

11/01/10 Update

The market seems to be topping out. The stochs have fallen even though the market has maintained roughly the same level.
The VIX touched the upper BB. I am looking at a retreat to the 20MA and then a push back up to and out of the upper BB. This could easily happen in the same day.
VIX:VXV has finally broken out of its range to the upside. Its been stuck below the dotted red signal line since July.
BPSPX:CPC has no longer been making new highs even though the BPSPX has. Expecting a pull back soon that will bring the BPSPX:CPC below the 20ma.
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