What can I say? While I am not perfect The Pivotal Perspective is often very good at this.

1/29/2018 Daily comment: "Today met criteria for taking partial profits per Daily comment of last week. ... Basically taking partial profits, reducing risk while adding to $UVXY is doing great."

2/1/2018 Daily comment: "Stalemate continues with YR1s threatening on 4 of 5 USA main indexes but without serious damage. In particular, YR1s on SPY, QQQ and VTI look like very clear resistance with a weak advance and tag of the level. Usually this means the next move is down. In addition, though XIV held Q1P, clear resistance on the FebP. Combining this with VIX above all pivots adds to bearish conclusion for risk."

Everything down except volatility and $DXY. Nowhere to hide. According to Bloomberg, today was the biggest drop for an SPY / TLT combo since January 2009. I'm guessing they did 60/40 but it wasn't specified. Still, after years of bonds and stocks going up, now we have the opposite. Duh, QE & QE unwind. Not the end of this move, not by a long shot.

That said, per special timing tweet on 1/24 - volatility cycles picking up 1/25-2/2, we probably just saw the biggest drop for the time being. This doesn't mean the trading low is in.

As usual a lot more coming up on the blog over the weekend.

SPY and VIX below.