iBankCoin
Read Scott here on iBankCoin and also at http://www.createcapital.com/
Joined Jan 19, 2010
717 Blog Posts

Market Charts Published. And the VIX too…

I’ve posted charts on the major market indices. I’ve included both a long-term weekly chart and a short-term hourly chart for your perspective and review.

I’ve even included a nice long-term picture of the VIX for your enlightenment.

If there are questions, please feel free to contact me directly:
[email protected]

http://cc.ibankcoin.com/

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House of VXX…

So, Fly has turned cautious and has hedged himself with VXX. The trade has gone slightly against him since initiation and now many of you are frozen–like a deer in the headlights waiting for “The Correction”.

People, I don’t speak for Fly, but I believe this is a hedge. If there is a quick and dirty sell off, there will be profits taken. While you are waiting, DO SOMETHING!

Do you have big profits in your long positions? Well, sell enough to withdraw your original capital and hold the rest risk-free.

Do you think there will be a sell off of some magintude? Then raise your stops and allow the market to take you out if there is. You’ll still be able to take advantage of the upside if there is more…

In all reality, there will be some selling for option expiry and some profit taking before quarters-end. But the positive market action is birthing some rosy economic scenarios. Spring and a healthy market rally will do that. Be skeptical. Stabilization is not growth…

Also, many MANY individual investors are asking “what can I buy now”. They want in now that there has been a record-setting rally and a post recovery high. Please see my chart on the DOW a few posts back. There I outline the scenario’s for how this rally ends. Please review!

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Tech Ticker: We Can Rally Further

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Tech Ticker: Zombie Market

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