Sunday, February 5, 2017

VDX Updates and Weekend Reading..02.05.17

This week's VDX prospects are a continuation of last week's momentum themes.
SPY's at it highs as it seeks to follow through on breakout momentum.,
VIX continues to erode (to a 19 year low mid week) and TLT is stuck in a trading range.
As we move into earnings season the net effect has been optimistic but with a note of caution.
From a technical standpoint SPY is neutral to bearish as suggested by Trader's Outlook.
Here's a link to a lengthy interview with Jack Schwager, arguable a man who knows a lot about trading and investing and he offers a few trading lessons here that are worth paying attention to.