Officer Barbrady

Once again volatility takes a back seat.

Today's tape was pretty damn boring and expect the remaining 4th of July short trading week to do the same.  Volatility has fallen and it feels like 'Sell in May and Go Away' could take place in July.


Volatility - Large Pic

Mastery welcomes the decline and gets friendly with volatility.

We saw this pullback coming since last week and used that opportunity to exit stage right to 100% cash. The winner today is the iPath S&P 500 VIX Short Term Futures (VXX) up 8% everything else sucks.

Vixxy Vixxy (VXX)

JCVD biting Snake

Volatility is waiting to bite your head off.

Besides the usual high volume stocks such as Bank of America (BAC) and Nokia (NOK) is the Path S&P 500 VIX ST Futures ETN (VXX) making the list.

Rocky IV - Russia Juiced Up

Simply put, Russia is pissed.

Russia is not up for paying the bill to bailout Cyprus.  All more the reason to consider staying in cold hard cash and small positions in the iPath S&P 500 VIX ST Futures ETN (VXX) and ProShares Short S&P500 (SH).  President Vladimir Putin went on record and he believes the terms are "dangerous" and "unfair".

Cyprus Drama: Now will Stocks Fall?

300 Movie - Cliff

You bet your ass and we suspect volatility will kick in.

The news of Cyprus closing it's banks until Thursday has got us thinking the iPath S&P 500 VIX ST Futures ETN (VXX) and ProShares Short S&P500 (SH) are the weapons of choice.  Trading could get very rocky and it's reminiscent of the Bear Sterns and Lehman Brothers disaster.  There's no panic yet but that's because we all don't think Cyprus has much clout to move the world markets.


Cut & Paste with the VXX, again

Cut & Paste - CTRL C CTRL V

Once again we hit a new low in the VXX.

The iPath S&P 500 VIX ST Futures ETN (VXX) hit a new 12 month low today, touching $20.80 a share.  That's almost 20 cents below its previous 52-week low of $20.97 a share. 


Sand Person Tusken Raider

Just when you thought the panic was over, get ready for the end of the month.

Mastery pinpointed The Return of Volatility and there is cause to believe it could spark up again very soon.  The true deadline is not March 1st for the U.S. to get their shit together, it's March 27th.

Make Fat Stacks with Covered Calls

Here are today's Covered Call Picks for Wednesday 02-27-2013. These are for the April 2013 Options Expiration Date.

What's a Covered Call?

The Return of Volatility

Psycho - Shower Scene

Mastery told you volatility was back in style two weeks ago.

As we predicted the bet on the iPath S&P 500 VIX Short Term Futures TM ETN (VXX) has been fruitful.  The VXX has bounced back 12% since we said buy.

Where will Stocks Go from Here?

Magic 8 Ball

Mastery doesn't like the current pin action.  Time to place a small bet on volatility.

Weapons of choice for today's trading are the iPath S&P 500 VIX Short Term Futures TM ETN(VXX) and iPath S&P 500 VIX Mid-Term Futures ETN (VXZ)


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