Next week is a pivotal week surrounding two key inflation reports, CPI and PPI, which will set the tone for the intermediate term trend. More in tomorrow's Weekend Update. VIX Buy Signal: Close over 21.00 (Currently 21.01) Mar 22nd $25C (1.70-1.90) SPY Sell Signal: Close under 400 (Currently 407.00) Mar 17th $390P (4.65-4.70) Key "Tell" Chart US 10Y Yield - Fresh Buy Signal pending and near high yield of the day. Next week both CPI and PPI reported. Note chart below - SPY fell 63 points when rates ran up Aug-Oct. LQD: Fresh Sell Signal This corporate bond ETF is a leading indicator for bond and stock market trends. It has triggered a new Sell. GLD - Wave 3 of (3) Down Gold has the potential to drop precipitously, which means stocks, bonds and gold all falling out of bed next week...and beyond. Fresh Trend Model Sell.
