There was pretty much no safe haven today although XLU did manage to stay in the green for the morning session.
The VEGA model says is all.....another day of extreme selling take the NYAD down to the teens and popping the VIX a whopping 15+%....quite a feat given the VIX's already hyper extended position.
It's not clear what the next support level is at this point. If there's any cause for hope by the bulls its the current position of the VIX...see the chart below (SPY is yellow line)......is a reversal imminent? If so, the XIV will soar like an eagle but this is strictly a play for high risk lovers.
