Wednesday, January 10, 2018

XIV for Thursday...01.10.18

Another wild swing day for the XIV...this time with a positive close in a down market after a 
breakdown through S2 at the open.  The positive XIV behavior was, of course, completely divergent from the manner in way we would expect it to behave in a down market day but we've come to expect this kind of technically skewed head scratching in this market milieu.
Tomorrow's signal is vested but based on the action over the last 2 days extreme caution is advised with strict adherence to stops.  Not a market for the timid.