$DIA, $SPY, $QQQ, $RUTX, $VXX
FLASH: Some analysts think there may not be enough leadership to move the market higher now.
Savvy money is playing quality to the Northside. At the same time there are good Southside setups that we are watching carefully for the break South
Southside action delivers fast gainers, but what falls hard usually bounces high in relief moves before rolling over. If you learn how to play the Southside you will find gainers come easily and faster than in a strong move North.
Remember, it is your money so, your responsibility. Pay attention.
The Bulls Vs The Bears
VIX: 15.96; +0.67
VXN: 19.39; +0.99
VXO: 17.03; +0.84
Put/Call Ratio (PCR) CBOE: 1.09; +0.07.
Note: 8 of 9 sessions over 1.0.
The Bulls are at: 51.4 Vs 55.5 last
The Bears are : 17.5 Vs 17.8 last
Support and Resistance
HeffX-LTN’s overall technical outlook for Wall Street’s major US stock market from the support and resistance perspective is Bullish in here.
Have a terrific week.