Just thought I’d put things in perspective a bit by showing the relative turn in the VIX on daily bars. The bulls have a lot going for them, mojo POMO, strong momentum and EEM and XLB (Hey!, the Qs and SPY are tracking right along too), but the VIX is ominous in its current position.
Thanks to the other Prophets for their provocative posts last week while I was twiddling my thumbs for 72 hours in the ICU after my wife underwent a grueling 5 1/2 hour surgery. At times like that my interest in the markets and trading drops to zero. The prognosis is good although recovery will be several months. Thanks also to those who called or emailed their regards… they were appreciated.
Related posts:
