Markets Still Bullish – Stay the course

Markets closed down today and the VIX creeped up by 7%. But still cannot say it is the end of the bullish trend. We will need to see how tomorrow unfolds. I will not be doing anything tomorrow morning.

SPY: It was down today but overall still bullish. Stay the course

IWM: Still bullish

EEM: I would call it neutral for now. Remains to be seen how it shapes up eventually.

QQQ: Bullish and the 10-day moving average just went over the 20-day moving average. Not a big deal but a good sign.

XLF: Nicely bullish

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