We bought some Portfolio Insurance off the potential double top in the Spu’s.

Like yesterday, when the Equity Indices weakened, the Vix did not rally to confirm a break in the Indices!

Given the potential chart pattern I bought a little downside.

The energy names have been leading today’s stock rotation keeping the indices firm.

If we don’t see a downside materialize just after 12:20 CDT, I’ll likely just sell the VXX out.