SPX XIV Stock Pick Update – 011912

I mentioned in the January 4, 2012 stock market update, that the SPX would probably grind up to 1330. That looks like a lock here, as the index crosses the channel line. I’m expecting a spike to get us there. From there, that last pivot high arouund 1346 is doable.

The XIV ETF stock pick on December 1, 2012 has been a nice winner. We’re 30%, and eight candles up. I’m hoping for that spike higher in the market, which would help this inverse ETF.

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