Sell Signals Emerge; Still Waiting on VIX

Posted on November 21, 2013 - 10:24am

ryanbrennan's blog

By Lawrence G. McMillan

The market has now pulled back from its recent highs, accompanied by sell signals in breadth and the put-call ratios we follow. The “modified Bollinger Band” sell signal remains in effect, as well. However, without $VIX, any correction is likely to be minor. But if $VIX should close above 14, the bears could begin to flex their muscles. However, they are running out of time, for a positive seasonal period begins after Thanksgiving.

This summary was excerpted from this morning's edition of The Daily Strategist newsletter. Subscribe today to read the full market commentary.

ryanbrennan's blog

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