Everyone back in the pool!

From the 11/5 Total market view: "I will start sounding more bullish on the market when we see Tech set recover above its Q4P (QQQ 114.83), RUT set recover its YP (IWM 116.23), NYA above its YP (10302), and then SPX above Q4S1, VTI above Q4S1, all with VIX and XIV constructive for risk. Until then, cash on sidelines is quite fine."

Amazingly, not even the pros could get in (unless catching the falling knife last Thursday-Friday) with a monster gap even in globex. Everything checks out - Tech jumped above its Q4P, RUT/IWM back above YP, NYA huge jump above its YP; SPX & VTI above Q4S1, and DIA amazingly above all pivots! VIX confirmed with decent looking reversal bar below the 2HP, and XIV had huge hold of YP as well.

Markets have been wrong on political events before but right now clearly "buying the rumor" for H win.

Assets I track above all pivots: DIA, SOXX, IYF, XLF, EWZ, DXY; with EEM and FXI not far behind, just a shade under NovPs.

SPY, QQQ, IWM, NYA, VIX and XIV below.