Wednesday, February 29, 2012
Sunday, March 13, 2011
Tuesday, February 8, 2011
Update 02/08/11
We rebounded off the lower BB on the VIX. This pretty much guarantees that the next couple of days (or rather however long it takes to get to the upper BB) will be down in the market.
The BPSPX:CPC 20ma crossed the 50 going down and the MARKET has still risen! Right now is a tremendous low risk shorting opportunity!
Sunday, January 30, 2011
01/30/11 Update
The VIX move was quite spectacular. We started near the lower BB and finished well above the upper BB. That type of move does not happen often and it does not bode well for the future of the market.
BPSPX:CPC 20ma looks to be curling over. I would short any bounced up on Monday or Tuesday. Confirmation of the move down requires the 20ma to cross the 50ma from above.
Thursday, January 27, 2011
01/27/2011 Update
The VIX visited the lower BB. I expected a retreat to the 20ma, but the move to the lower BB gives more credence that the next 4-5 days will be down in the market.
The 20ma on the BPSPX:CPC has rolled over and the indicator has been going down even as the market has moved to new highs. I think our top is rounded.
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