I’m giving my VXX trade some time to open before liquidating the trade.

In hindsight long Miners or Gold would’ve been a better way to articulate the possibility of some Risk Off.

The lower dollar is adding to the bid tone in the U.S. Equity Indices.

X...U.S. Steel in the low 23 handle is tantalizing on a mid-week low.

The break was precipitated off the arbitrage hedging of its secondary share offering @ 23.

​23.35 fills its gap from last month. Closing below 22.95 would signal the break won’t hold.

​The action remains in individual names where trade location and tight risk management

remain key.​