![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUjYalVecBeEX65B_g1C_TS5GNe9FNsJk9ax_LAkil6KlpXshrL-xoq97y7515LfmBBuNp4rUxhxsq88JiE8ByMqVVP8ildLBQqfO3hY9JJvQ3HLbtE4HWwrrWp4kO4pxdJeQP/s400/Q21.png)
The VIX had a 7% day, continuing to hug the lower band while simultaneously maintaining a 15% gap below the converged 10 and 20 DSMAs.
I was frankly surprised and caught a bit off guard by today's strength, since the TICK readings and a flatline NYAD were not reflective of market activity. I faded the Qs and XRX just after the noon hour on reversing 8 minute bar parabolic signals, but closed out both trades at 2 pm with modest gains in both.
The strength today was moderate and narrow based, perhaps reflecting the multiple head fakes and feigns that transpire during expirations, and I continue to bide my time until the later part of next week before initiating larger scale trades (think more risk).
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