2/14/2018

Wow! The latest Total market view said that YTD +% would act as a kind of pivot. And once SPX got back into positive that spurred additional buying.

Some of the recent recommendations from the weekend buy watch list, notably XBI and EWZ, have led on the way up with both knocking on the door of FebPs. 

If there was any doubt about the pre-market shuffle a quick look at VIX settled the issue, finally dropping under YR3. While still above all pivots, I have mentioned the last several Daily comments that I'd like to see VIX confirming buy setups with at least getting under this level.

DXY back in melt-down juicing global stocks and commodities. 

SPY and VIX below. 

PS: Very few asset classes above all pivots. VIX, still, and GLD exploded back above all pivots today.