Tuesday, August 9, 2011

VIX-VXX

I fully realize it's early in the day and the defining even t will come this afternoon upon the Fed release, however, I can't help but noticing the action in the VIX/VXX.
 Just like in March, the VIX Spiked yesterday and formed a Harami candlestick reversal thus far today, the red line is the SPY.

I also updated the stops last night for trades including the VXX which was originally a swing trade that I said I felt it might have more potential, which it did. However, it is showing some not so hot 3C signals today and over the last few days. The VXX, like the VIX, trades inversely to the market.

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