Wouldn't you know it? NASI rallied back to flat -- up .41 pts on StockCharts; I have it up 1.77 pts in Trade Station. NYSI is on a sell, barely. And the futures are solidly higher at the moment in the overnight so it is possible this is just a minor dip to the zero line on the Oscillators before the next leg of the rally takes off. Tomorrow may tell. Maybe.
Unless the market firms like crazy into the close, it appears There will be a sell on both the NYSI and NASI, although it's a close call on the NASI. I have the long ETF basket up 1.5 percent (at the moment...) for the few days of the NYSI buy signal.
Once again the short leverage ETFs will be in play -- SDS, QID, TWM.
Amazing. This bull move is brutal. Can't seem to get a meaningful pull back, and the upside at this point is down right scary. Oh, well... What's a typical characteristic of a bull market -- if you're not on the train, it don't let you, not without making you grit your teeth and rattle your knees.
As they used to say on Hill Street, let's be careful out there.