2/15/2018

Another win for bulls as indexes added to gains. Aggressive buys and short hedge covers from last n Friday have done very well; and adding longs yesterday per VIX under 25 so far doing fine. 

USA main index leader QQQ closed above all pivots(fractionally but still). This is bullish for the market. Others above all pivots are EWZ, RSX and XBI, and on the safe haven side, GLD. 

Despite the strength it is likely that several divergences will form on the next move towards highs. Tech strength helps, but so far it is 1 of 5 USA mains back above all pivots. Contrast this to 2017, when all 5 USA main indexes were above all pivots for most trading days of the year. Interesting days ahead. 

SPY and QQQ below.