Thursday, January 23, 2014

The Only Thing, VIX futures

That's it, even industry groups look horrible, ESPECIALLY TECH / XLK.

The 5 min VXX/ VIX futures looks good, I pointed that out yesterday, just the 1-3 min intraday charts look like the market could go for a gap fill or something, I'm not sure how much because there's so much damage.

The actual 1 min VIX futures confirm VXX, but UVXY doesn't look as bad, in either case, that's the best evidence for a bounce, not the averages, not the Index futures.

Based on that, I'd say we will still see something, what it turns out to be is a mystery, again I think we are going to see another shift or change in character, perhaps gap related.

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