VXX | - Part 3

I tried one Long in the XLY against my Long VXX calls. I pushed the trade losing $1 dollar after commissions. XLY ..failed to get anything going above the weekly close. Adios. I need to see Consumer Discretionary bottom for … Continue reading →

Daily Market Intelligence 10/8/18

Posted on 10/05/2018

Daily Market Intelligence 10-8-18

Midday Missive

Posted on 10/05/2018

Indices are still a wait and see game for late day. MY bias is to sell rallies. Have bought VXX call spreads out into November The money is flowing into BRKA. Amazon and XLY have failed at their Mvg averages … Continue reading →

Daily Market Intelligence 10/5/18

Posted on 10/04/2018

Daily Market Intelligence 10-5-18

Midday Missive

Posted on 09/24/2018

Rotation favored the buying of big cap tech and the selling of Dow names. Many like CAT are not done with a needed correction. Equity/Bond spreads show more corrective price action is needed. VXX…resistance starts @ 27.64. It doesn’t have … Continue reading →