I am still short on the market and is losing money now. However, I am also wary of what’s going on with VIX. VIX is now around $18.31 . The lowest from the chart is $14.27 in April 2011. In July last year, VIX spike from $14 all the way to $40 within one month.… Continue reading $VIX . Watch it.
On the Ichimoku Weekly Chart, we have confirmation that the kumo support is intact. Given the volatility from last week, it is best to establish bullish position with care. LinkedIn ($LNKD) is holding well and my IronCondor will expire safely this week. $UA has also rebounded after the selloff from 2 weeks back. It is… Continue reading $SPX. Weekly Chart. Kumo holding
1. VXX is poised to break out of the kumo resistance. 2. We have a weak Tenkan sen – Kijun sen bullish cross below the kumo 3. Chikou Span has cut the price level upwards 4. While Kijun sen is flat, we can see that Tenkan sen is exhibiting a very bullish upwards movement.… Continue reading iPath S&P 500 VIX Short-Term Futures ETN (NYSE:VXX)