VIX Smack Down

When it absolutely, positively must close higher/green...

VIX Smash-a-thon...

The VIX (green) vs SPY (red) today. Pay attention to the trendiness. At #1 everything is "pretty close" to "normal". It appears the usual lever of HYG wasn't up for taking on risk today, at leas not what was needed to get the job done. At #2, everything looks pretty normal and then what the heck happened at #3? Seeing as that didn't get a new high, "Second verse same as the first " at #4!

All of that for a 1/4% gain?