Wednesday, December 21, 2016

Spoiler Alert on the XIV.....12.21.16

Following on the heels of yesterday's XIV post...we did see XIV up again today per our consensus momentum signal even though the market was red to flat.  However...although we have a renewed buy signal on the XIV note that the 2 Day Alert is at a crossover point....equals hold off on any new positions.  The VIX hit another low today and is now EXTREMELY oversold. It's just a matter of time before we get a reversal and just in case you missed it....there was NO Santa Claus rally last year, which was followed by an ugly January selloff.