In last week’s ‘Tickling The Dragon’s Tail‘ I mused about the possibility of a VIX Buy Signal on the horizon. Which was followed by a sideways session in the S&P 500 with the VIX actually dropping lower. At the same time the VIX:VXV ratio pulled > its upper second standard deviation and all that means that the fun and games are just about to begin this week. Confused? I don’t blame you but as usual the ole’ Mole’s got you covered:
I’ve been literally in stitches over the past few days marveling over the Shakespearean drama unraveling behind the curtains of the crypto universe. And I’m not even talking about the big sell off which now seems to be reversing. Apparently BitConnect is shutting down exchange operations and a bunch of people found themselves unable to convert their tokens to bitcoin or any other crypto currency. Seems to me a bunch of unhappy folks just learned the difference between (imagined) paper profits and real profits.
Yesterday was my first day back at the gym and managed to snap right back into my full routine in stark contrast of me barely being able to walk upright just last Sunday. As the saying goes: No Pain – No Gain, or in Yuletide terms: No Lift No Gift! Which pretty much has been my motto for most of this year as I’ve been working my ass off 10 hours plus seven days a week on the quant system front, all of which is slowly starting to pay off now. More on that to follow over the coming weeks after alpha testing has completed.
Christmas is only days away and I’m sure you have more urgent things to attend than to stare at charts or talk about them. But for the die-hards amongst you and the 5 Billion non-Christians frequenting this blog I thought I’d throw up a few forex charts, some of which appear to be ripe for the plucking today or tomorrow.