Wall of worry? Not today.
New index highs all around and modestly improved volume although the effect of short covering may have contributed to some of the golden glow. Once again the XIV blasted off like a missile and booked some impressive gains.
Somehow the M3 SPY Trader just keeps guiding us to the right side of the market and the algorithm has effectively trumped my subjective risk on attitude over the past few days.
Sometimes you just have to follow the signals and believe that a systematic algorithmic trading program will deliver the goods, this has certainly been the case with M3 this year.
