Short term chart VIX

 

29EC9E16-A669-4E70-B50E-9E33EC590F64.jpeg

Here’s a short-term chart of the VIX, and it looks bullish for the stock market. However, the RSI indicator is a little extended which means there could be a minor pullback coming soon. Financials got hit hard on Monday. Really bad day for financials. It’s almost like the financials haven’t even made a rally off the March bottom. Any boost in that sector should be extremely bullish for the stock market. Big tech is still the leader. I entered into a small short position on the financial sector with FAZ in order to hedge my long positions (SPY, QQQ, DXJ, SVXY, SLV). If the financials regain some semblance of strength, I’ll sell the hedge.


All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. Candlr is not receiving payment or commissions from companies for shared content on Candlr website unless its specified. View full disclaimer HERE.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.