The VIX tested the March low yesterday and popped back up today as stocks gave back gains by end of the day. In the process of closing weak, the short term trend turned down. Technology leaders like AAPL and GOOG also reversed some of the gains by the close. It is still an interesting week with option pressure seemingly favoring the bulls, but another good down day will turn the already weak internals of the intermediate trend down. Have you noticed we have quietly gone 35 days without a 1% pullback? Even though I will be on vacation for the next few days, it will be on high alert for any trend change.
ETFs