Achtung Achtung!
Achtung Achtung!
Now we’re getting somewhere – I love the sight of red candles in the morning. Anyway, I have to run out for an hour but didn’t want to leave without posting this warning:
Mr. VIX is now pushing outside its 2.0 Bollinger. If it closes that far out, meaning equities don’t retrace before the bell, then we are one leg into a VIX buy signal. Which means that there will be push back from the bulls. Hey, you didn’t think it’ll be straight down from here, did ya? 😉 Don’t let greed get the better of you – if you are trading short term hedge yourself now.
Full disclosure – I just grabbed a few ITM February calls to balance out my truck loads of OTM December puts. If we push back inside the 2.0 BB before the bell I will kick them to the curb where they belong.