as pointed out yesterday the VIX ist at a huge level…of support.  if it can hold the 30 area equities should come under some pressure very near term.  if and when it starts to slip lower again we would take a hint looking at some long-side exposure in equities.

the dollar is better bid again this morning and as such pressuring equities.  the dollar index chart shows that we are retesting the breakout point from september.  both of these charts are key to watch for clues about a possible continuation of the recent strength in stocks.

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