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!

VIX 3-Month:


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.

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