Tuesday, April 9, 2013

The Other Levers: HYG and TLT as well as the SPY

These are all the same timeframe, the 3 major ones used to move the SPY are credit (HYG), Treasuries (TLT) and Volatility (VXX). We already saw volatility...
 HYG with a negative divergence since yesterday, leading negative today and price wasn't too far behind.

 TLT-the Flight to Safety seems to be seeing just that, it went negative where it should have, it confirmed as it should have and now it's leading positive, not good for the market.

And the SPY on the same timeframe. leading negative. If I didn't already have QQQ Puts, I'd definitely consider SPY or IWM

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