4/10/2017

Not much change to pivot status. USA mains stay the same - QQQ above all pivots, SPY DIA & NYA/VTI below AprPs but above Q2Ps, and IWM below Q2P.

Safe havens also the same - GLD above all pivots, VIX above Q2P for the first time since the election, XIV below a monthly pivot also since the election, and TLT below Q2P for the first time since September. VIX especially looks threatening here, clear liftoff above levels and above D200 to boot.

Given crowd bearishness mentioned in the last Sentiment analysis on the blog, it is possible that stocks jump higher as safe havens fade. However, I see no reason to change positioning as stocks may be set up to get slammed.

SPY and VIX below. 

10 2 VIX D.png