Thursday Evening Liqueurs. 25 February, 2016. XJO up marginally...

Thursday Evening Liqueurs. 25 February, 2016.

XJO up marginally today, +0.13%. Again, volume was elevated >1 billion for the fourth day in a row. Something big is happening. We haven't seen volumes levels like this for a long time.



Classifying the trends: we have a long-term down trend, a medium-term down trend, and the recent short-term up trend has reversed to the down side. Not a happy picture.

A break back above Tuesday's pivot high, would reinstate the short-term up trend.

Here's the Ratio Chart of Bonds/Stocks:



Bonds have been doing better than stocks for about a year on this chart. The recent volatility is showing up clearly in this chart.
The IAF/STW chart has bounced strongly off the 50-Day MA confirming that this remains a risk-0ff market. Until it breaks decisively below the 50-Day MA, we'll continue to be cautious.

Some stocks, of course, are always doing well despite bearish environments. Do your own research to seek these out.

RB.