Market Update

We keep seeing continued deterioration, it's not at CRITICAL, but it is doing as it should considering the VXX accumulation. The VIX options (VXX) are still seeing front month deterioration in the premium, but it has slowed and the May contracts that were also falling double digits are holding their ground, Changes in character lead to changes in trends.

First the averages...

 DIA 1 min

DIA 2 min seeing negative migration

Now the 3 min is seeing the same migration

IWM 1 min negative

QQQ is still just about in line

SPY 1 min is seeing continued deterioration, I'm thinking of starting to phase in to some short positions.

SPY 2 min is seeing negative migration intraday as well

As is the 3 min

HYG 2 min looks like they are still trying to support it, but this is still only a 2 min chart.

This is the 5 min chart, major deterioration.

Meanwhile VXX accumulation, THE VERY THING I'VE BEEN LOOKING FOR THE LAST SEVERAL WEEKS,  continues at an increased pace.

We'll take a look at some of the open positions as far as management as well.