Morning Steve, Thanks
Yes, all I hear lately about the VIX is people speculating with buying Jan Calls on it. It looks as though most of the bottoms have been Market tops so I am leaning a bit towards the downside here, especially with the Euro drop. I think all the speculation of the Santa Rally and upside to SP 1330 might have everyone caught looking Long and all they get is an empty bag for Christmas, jmho. I think that the volatility continues and any spike high/spike low will keep reversing much like Sept trading. The Par near 30 might keep the sentiment Bullish but I still anticipate selling at most every top for now. I was looking at adding SPXU this am but will watch for what reaction the FOMC gives. I am still thinking ramp but will sell the news either on the announcement or any morning spike high. The same if we sell the news, it might offer a spike low in the am that gets bought. I think the low VIX is showing just that, no real direction anticipated until it happens?
Enjoy the Day!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
