Enter the Dragon - Bruce Lee (Before Kicking)

Maybe we won't get kicked in the face?  Let's hope so, but don't let your guard down.

Heads up Masters, the iPath S&P 500 VIX Short Term Futures (VXX) hit a new 52-week low today. The VXX got down to $12.41 today, fear has calmed.


Volatility Wins Again

Volatility - Large Pic

The VXX is up 2.5% thanks to stocks falling off the cliff.

 


Always a risky bet but after the iPath S&P 500 VIX Short Term Futures (VXX) hits 52-week lows it due for a bounce.  Such is the case this week after the VXX got down to $12.70 last Friday.  Today the VXX is at $13.61 and fear enters back into the market.


The Fear Triangle appears Complete

Grim Reaper.jpg

The market seemed to forget about Greece last week, but one has to wonder.  Are the constant delays in negotiations just stalling tactics to prepare for a Greek default?

The TVIX chart has formed a triangle.  The measured target of a triangle breakout is $23.35.  This week watch for a potential breakout of the triangle about February 23rd with&n

Fear is Back with a Vengeance

Grim Reaper.jpg

The Volatility Index (VIX) went parabolic last week amid Greek fears and Italian bank downgrades.  Hedging against fear is back in style.

It was warned last weekend that a new bear market is looming.  Consider this a second warning from the Grim Reaper.