1/11/2017

No change to USA main indexes - above all pivots and not as resistance yet. QQQ is above its Q1R1 which is bullish, as is XIV. VIX is low but healthy and below JanS1. All this is bullish for the market.

But alas, lost gains on biotechs. Holding with breakeven stop; no reason to lose money on a leveraged long that had gains. 

GLD is testing its Q1P & YP cluster at 114.02  and 114.41 respectively. Whether or not you choose to short, I believe the situation is more bullish for stocks if this area gets rejected. 

SPY, XBI, GLD below.