Current market status: Healthy
Latest signal: Buy/Long (generated 10/26/10)
Commentary
At the close, both the SPY and VIX were up again (!) which is 5 of the past 6 sessions. I don't have stats on it, but that has to be pretty rare. Most indices had outside days today also - and the bearish evidence is starting to stack up. My system showed a sell this morning and had me licking my chops. Then it went neutral by late morning and nearly generated a "buy" at the close. I ended up adding to my long position, but my position is still quite small due to the increased volatility. I'm hoping for a big white candle soon and a short signal so I can pounce.
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