Thursday, January 25, 2018

XIV flat for Friday.....01.25.18

We were right to be suspicious of yesterday's vested signal and I  didn't buy the signal as after hours prices continued to drop  (luckily). 
The volatility factor (fx) continues to climb and the "best bet" value is now at 1.7%.  Keep in mind that last year the "best bet" odds were running above 3%, reflecting a median higher VIX value.
I've expanded the metrics panel view on the left side of the panel to show the actual PCL (previous close to low of the current day metric).  Volatility expansion tends to run in 3-4 day spurts so tomorrow may either be an volatility exhaustion day (options expiration by the way)  or a continuation.....so not much usable guidance there unfortunately.