3/7/2018

Several bullish signs today. Market could have dropped on bad news but didn't. 

SPY, QQQ, IWM above all pivots; NYA too, fractionally
Only DIA below MP - still a warning

But VIX YR2 rejection, TLT under all pivots and GLD MarP fail seem to give edge to bulls.

In addition, put-call remains stubbornly high despite index strength. 

PS - I've been mentioning KRE recently for the first time on this site and it just broke out to new highs. 

SPY, DIA and KRE below.

7 1 SPY D.png
7 2 DIA D.png