Tuesday, January 5, 2016

Jan 5 - Inflection point

Now that there wasn't much of a bounce today it is possible that tomorrow sees a strong move up or we continue moving down tomorrow.  We should know very soon which way equities will head.  Still holding small SSO

A plus for the bulls was the strong weakness relative to equities in $VIX, $VXO.

Possible, just possible that this is a small pullback before driving higher not unlike August.

Fairly tepid action and looks very vulnerable.
 Still hanging in there

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July 11 - GLD sucks

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