The S&P 500, Dow Jones Industrials and NASDAQ 100 cash indices nevertheless finished higher across the board by +1.48%, +1.40% and +2.16%, respectively. At this point we all know how this story unfolded. After the cascade failure on the sixth and subsequent "nuclear" weekend Euro bailout, equities are again marching higher. However, with volatility back in the markets for now, traders will naturally be looking at those prior highs with a leary eye.
Volatility: Low (VIX 15-22)
Direction: Highly Positive
The Style-Box was calculated using the following PowerShares™ ETFs: Small-Growth (PWT), Small-Value (PWY), Mid-Growth (PWJ), Mid-Value (PWP), Large-Growth (PWB), and Large-Value (PWV). The Sector-Ribbon was calculated using the following Select Sector SPDR™ ETFs: Materials (XLB), Industrials (XLI), Energy (XLE), Staples (XLP), Discretionary (XLY), Financials (XLF), Technology (XLK), and Healthcare (XLV). The Standard & Poors 500, Dow Jones Industrial Average and NASDAQ 100 may be traded through ETF proxies, including the SPY or IVV, DIA and QQQQ, respectively.