Saturday, April 15, 2017

VDX Updates.....04.15.17

With mounting evidence that Trump got hoodwinked into bombing Syria over a false flag sarin gas attack political tensions with N. Korea, China and Russia continue to keep the VIX elevated and safe havens enjoying inflows. Earnings season in now in full bloom although expectations remain high there are a few warning signs that this season might be disappointing.
SPY is oversold, TLT is extremely overbought and VIX is elevated....although not significantly.
News will drive the markets next week and continue to do so until the geo-political situation cools.