2/22/2016

Bullish for SPY, DIA and NYA/VTI to reclaim FebPs. Of the main indexes, QQQ and IWM remain below.

If ES stays above 1925 then bulls still have the ball. The next major resistance for SPY / ES is well above at the 1HP / YP combo, so although short term RSI is not ideal, this is a good r/r proposition to add. Just watch VIX QP 19.27 from here; below really helps confirm USA index strength.

If following The Pivotal Perspective, you were:
2/12 adding back longs on 2/12 on INDU/DIA after reducing and cutting USA QQQ and/or SPY longs 1/4-7;
2/16 further adding a combo of RSX, EWZ and EEM;
2/22 probably took some profits on a portion of GLD today, though GDX looks fine if playing on that;
Meanwhile, BTCUSD from 2/16 had a nice jump over the weekend, and TLT did not drop much despite the stock gain. Oh yes, oil lows have been nailed and turn alerts here and here good times to reduce any portfolio hedges or emerging market shorts as recommended from last November. 

All these ideas have been documented on the blog and then highlighted in the featured posts. As strategies go for 2016 so far, not too bad. :)