Wednesday, June 12, 2013

Is This Going To Be A Definitive Move?


I've been faked out so many times that I'm not sure if this is a definitive move or not.  VIX didn't break above its previous top with a strong enough move and the SPY hasn't broken below its previous support level either.  FXF and gold moved up slightly, but not enough to give me profit-taking plaisir.

If we see weaker than expected US Retail Sales and Unemployment Claims tomorrow, these could potentially give the semi-bears leverage to kick things up a notch or two.  

Just throwing a figure out here, but the VIX could hit 25 if things get really, really crazy...

Thanks to the reverse split on UVXY, the least expensive VIX ETF options have suddenly become a lot more expensive.  So I'm going to have to find a more cost-effective way to play this.  


+4.13% SBA
-0.74% Roth IRA

-0.84% DJIA
-1.06% Nasdaq
-0.84% S&P 

-0.64% FTSE
-0.41% Eurofirst
-0.21% Nikkei
-1.39% Shanghai
-0.53% SENSEX
-1.20% Hang Seng

+0.49% WTI
+0.55% Brent
+0.70% Gold
+0.81% Copper
-1.14% Corn

-0.69% DJT
+8.38% VIX

+1.59% 10-Year US Treasury Notes




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