Wednesday, March 2, 2016

Mar 2 - Temporarily out of SPY longs

Right up against trendline resistance and 30/ 60 min sell signals which have proved to be only very temporary in the recent past.  Took on small SPY short and will probably sell it if we hit lower trendline on 30 min or stochs/CCI are maxed out.

If we break lower trendline, something to watch
 sell signal on hourly on CCI
 VIX tapping its lower trendline.  I don't put much credence in VIX trendlines though.
 HYG finally taking a breather.  Is it a reversal or just a pause?  I don't know

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