VIX under 22 Tread Careful Here

Interesting game going on in the market.  I feel like we make a clear run to 11k, but at the same time, I check myself by going back to the VIX, and it tells me to hold out my hand, then slap my face…

One stock that kind of tells a story of what is going on is JCP, which I only realized TODAY that J.C. Penney is not spelled “Penny.”  I can’t believe it, all my life I thought it was Penny as in 1 cent.  My whole day is ruined. 

The quad has been ugly on the 3-month.  Movement on it has been real fast up and down.   I would love to see this move above 50 and just take off from there.  Right now, it’s not putting up a good fight.  Volume not justifying price. 

Meanwhile, when the market is undecided and looking over a cliff whether to dive, you’ll notice a lot of beat up stocks will start to rally.  Let’s get back to CREE which is brewing up a possible +10% relief rally.  If not, remember, it goes down hard.  My kind of stock play.

So yeah, it was a good weekend for the football fans.  Not so much for the Lions fans after they ruled Roy’s game winning touchdown incomplete.  That caused me to lose in one of my leagues by 1 stinking point.  Even the Chicago fans knew that was a TD.  Anyway, I’m glad football season is back, because that just means I get to mass-media-trash-talk my friends.  Remember now, I live in Hawaii, so we have no professional teams, so everyone here has their favorites, no loyaly to a home team… so you can imagine it gets ugly here.  I’m kicking myself though, because I’ll be heading to Seattle next month and to my dismay the Seahawks are on bi-week the weekend I’m there.    Of all days.   :/

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