SPY/QQQQ/XLF Correlations

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I continue to watch these three names.  Right now things are very interesting indeed as it's suggesting one of two things, but both ultimately end the same way.  It could be that we are seeing the "blow off" in the Naz as it separates from the pack like the previous two markings on the chart.  Either the market catches up (by going down) with the XLF or the Financials would need to have a large rally.  These are just observations as I like to tinker with data.  

The market sits at a very interesting point with stocks above the 50-day MAs and the really low Put/Call ratio that is suggesting we are going into a 4+ week rally or back to the lows.  It seems almost one or the other really soon.  I'd rather buy straddles here over strangles.