12/13/2017

Toppy looking bars on SPX, NYA and VTI, and somewhat on DIA. But IWM recovered its YR1 which is a positive, and QQQ holding above its YR3. 

TLT also making a move above its YP, and metals caught a bounce. GDX recovered its YP so I'm watching this for partial position. GLD didn't quite reach a level but GCZ contract held 2HP exact; SLV held 2HS1 near exact. 

Often safe havens will strengthen before a stock drop so given TLT and metals today, along with VIX over the last 2 days, point to more risk for stocks. But as long as all USA mains remain above all pivots, and VIX and XIV remain below / above all pivots respectively, bull trends firmly in place.

In addition to safe haven buys and possible short hedges against the SPX Q4R3 level, we could also look for glaring weakness. EWZ is trading below its Q4P, but there has been some chop around this level without a definitive move. 

SPX, NYA, VTI, EWZ, TLT and GDX below. 

13 13 EWZ D.png
13 14 TLT D.png
13 15 GDX D.png