Just 2 quick head's up :

- The IWM correlation score only needs a strong volume up-day (on a closing-basis) to climb above the declining 20dma. This would switch the environment for small cap stocks to a risk-on status. This could happen as early as today with the job report and would confirm the 20 DMF, FTD and Dr. K's MDM buy signals.

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- The CBOE's future implied correlation index (JCJ-E) is in a strong downtrend and keeps making record lower lows. This indicates growing appetite by large players for picking and investing in individual stocks without hedging against the general market indices. These are the best conditions for a sustained rally in leading stocks.
Billy

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