Wednesday, April 30, 2014

Market Update

I'm so very close to pulling the trigger on an add to to VXX calls, but if I did it would be to the May monthly $43, not the weekly $40's, in fact I'd like to get rid of those ASAP.

The market is looking like this, the one thing holding me back is IWM 1 and 2 min charts, they are in line, you'll see the 3 min chart.

Also note TICK intraday.
 SPY intraday has STAYED negative.

QQQ 1 min, but the action has been on the 3 min

QQQ 3 min

IWM 3 min while the 1 and 2 min are still in line, this is bothersome.

The TICK failing the move up post FOMC

And VXX 5 min leading positive to an even greater degree.

I'm glafd I do have exposure to VXX, just trying to be extra careful in adding.

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