Sunday, August 8, 2010

The Bull remains

Even thought we closed on a B/S pivot I remain bullish. First we had vix dn +spx dn = up Monday or next day usually. I like the vix bearish attitude of late. We had a low on the 5th day of month that usually means we rally into OE week. (Sample below, a good high or low in first few days usually inverts) Nor a'm I over-bought. But on the other hand a take out of 1107 and for sure 1100 Spx would change things fast. You can't sleep at the switch with this light volume. Net net the week is UP.

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