Going to sell into today’s rally. Strange activity on the VIX. Market up again while VIX flat for the day. There’s a slight reversal here going into the close, so I would be careful with longs.
VIX INTRADAY — Traders starting to hedge on the rally.
A VIX that spikes to 30s will produce a 2000 point cumulative multi-day drop in the Dow. Careful out there!
3rd red consecutive bar, low volume. This rally has a thin floor. Going to play it safe here. Going to watch for spikes in VIX this week and next.