Monday, October 12, 2015

VDX Updates...10.12.15

With earnings season in full swing the markets are in overbought territory and ripe for a pullback on any bad news from the large caps and/or big tech.  China, in the form of FXI, is also overbought although there's been a slew of recent articles in Barrons, WSJ and various hedge fund newsletters touting the bullish prospects for China and the apparent bottoming currently underway.  Meanwhile. analysts are also predicting Alibaba (BABA), the darling of IPO speculators last year, could fall another 50%.
Now just put those 2 forecasts together and you will definitely be confused.