This is from a bear’s perspective…
We were using VIX <30 as a place to short complacent rallies. That worked well in the past two weeks. Still yet, it has been very tricky out there, and rookies should avoid the shorting game for now. The VIX has not been giving clear signals either as it did before, since many of these dips were fought back with yet another mini-relief rally.
From the chart, you’ll notice the red-shaded areas were signs of complacency on the VIX which led to a nice sell-off in the market. I’m switching it a little here though, using the yellow-shaded area as a better place to short. In other words, I’m giving priority to “momentum in selling” over “complacency in market.” You should be thoroughly confused now. If you are, stay on the side-lines and wait for a technical breakdown instead.
In other news, I just wanted to give a heads up to the coffee investors that I will be selling 1/2 of GMCR over 90. We have to take advantage of the late money here; if we get bigger volume then better yet. It’s time to sell on the news, and let the rest ride to triple digits if we get it. I still think you can get GMCR under 86 so I’ll pause on buying here and instead mess around with PEET.
Go Lakers!
-gio-
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The Magic had jet lag and the time difference really messed them up. They were not in top form for that game.
Im actually glad they lost b/c now they can play w/ a chip on their shoulder.
MAGIC will win the series and Kobe will cry on national tv.
Lol.