Wednesday, November 27, 2013

Quick Update

I'm not sure what they are trying to use to ramp the market or hold in to the close, I can see TICK is breaking down, HYG is breaking down, VXX is still pinned and EUR/JY looks like its out of the game.

 The earlier channel just preceding the break of it lifted some of the averages more than others, but that's breaking down.

HYG is retreating and moving like HU Credit, it looks like they don't want to hold that in to Black Friday.

These are the 3 min signals in VXX in which they have knocked it down at each attempt to run higher which would push the market lower, but even in the face of that, demand is pushing VXX up as there's obvious demand for protection.

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