Sunday, March 27, 2016

VDX Updates for SPY, VIX and TLT....03.28.16

This week's VDX updates reveal the pre holiday weakness in the majors and the somewhat marginal recovery of the VIX from oversold levels.   Going forward we'll need to keep a close eye on these charts as the historical trend has been to see advances to at least the zero line once a threshold reversal has started. We are fast approaching the end of the month (Thursday) and then Friday is historically a VERY bullish day. (positive odds > 75%) so for odds players that's the day to go risk off ...or Thursday's close,.. especially of its weak.