2/16/2016

SPY recovered YS1, ES also; but SPX close at 1895 bang on the YS1 level of 1896 and that is what needs to clear to really confirm. Still, 2 out of 3 is improvement from last week.

According to The Pivotal Perspective, the real question is whether we'll see a change of pivot status on the main USA indexes. So far despite a healthy bounce from the lows, all indexes remain below all long and medium term pivots. A move above FebPs will change this. 

The speculative INDU buy recommended Friday is doing fine, and now we'll watch the February pivots. Today I posted a couple of other buy ideas here on bitcoin  and another speculative buy here on EEM.