Thursday, January 24, 2013

Price is Deceptive

That's a warning often repeated here because it's true. Several of the averages are up pretty good this morning, typically decent losses or gains in the a.m. don't hold through the close, they are often set ups. What really got me thinking about this was the fact the VIX and the VXX/UVXY are not only positive, but throwing off some strong divergences too.

Something definitely feels a bit off this morning. I'm going to browse, often there's a quick glimpse that gives the day away or something even bigger.

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