With the inverse of the claims reading making a new bull market high this week, will the S&P 500 now follow?
The markets remain overwhelmingly positive, with our ETF composite at 95.34% positive and the DJIA components at 86.67% in our system’s assessment. It is always good policy to realize that when stocks reach a point where there is little left to the upside, to look for signs of a slow-down. […]
At the end of September, I resumed my short Barclay’s Bank iPath S&P 500 VIX Short-Term Futures (VXX) – long Barclay’s Bank iPath S&P 500 VIX Mid-Term Futures (VXZ) strategy. Mid-term VIX futures (VXZ) were less elevated and provided a better hedge for VXX. I will hold this pair through October as […]