Now Reading
Intra-Day Update: Monster VIX
117

Intra-Day Update: Monster VIX

Intra-Day Update: Monster VIX

by The MoleOctober 20, 2008

UPDATE 9:56am EDT: Now THAT is a high VIX!

The TOS data provider is having a teeny bit of a data problem today 😉

UPDATE 11:22am EDT: It seems the WSJ now buys into our (and other EW technican’s) count of this secular bear market. Note that they start the count at the 2000 peak. Wow – when did that happen? Are WSJ editors reading our blog? 😉

UPDATE 2:23pm EDT: I used the market rip to load up as the VIX was dropping a bit. Here’s what I’m holding right now: ACE, AMZN, BIDU, CCJ, CNI, FSLR, GILD, GOOG, MA, MON, NKE, POT, PX. Many of those suckers are way overbought – and I got 1/2 of them at the peak. Let’s see how the rest of today unfolds.

UPDATE Closing Bell: Man, that was weird – this rally was running on extremely little volume, but just kept chugging upwards. Almost feels like it had a schedule going – seems fake and driven by institutions. I kept on adding positions on the way up – I don’t buy this one for a second. In particular since the TNX ended on a black marabuzo – the smart money is flowing back into treasuries.

Sign up here to receive my FREE early morning briefing:

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator