Originally Posted by mact3333
AGQ and GDX looking enticing again...
....seeing positive divergence.
But overall mkt looking abit worrisome...need to see AAPL do better...VIX hammered over past week and prob ready to start climbing soon which isnt good for the mkts...we shall see.
Also like the way FB and RIMM are trading.
I had FB on my watchlist for $29. Saw it on the daily chart but never BOT.
AAPL is very difficult to read right now. It may either dip below $500 or go way above $550. Weekly chart looks good for AAPL. Lower high and lower low. Earning report is 1/24.
Originally Posted by Vanity
I made my 30% shorting the VIX down at the start of the year. While the VIX is down, the futures are trading at a 100% premium currently to realized vol. There is also insane contango stopping much movement upwards for those intending on going long vol. I think upside is limited in VIX given earnings don't outright disappoint, which I am not expecting them to.
@Inspired, where have you been?
Very nice. I am looking at opening a position in bear ETF very soon. It is way oversold right now.
Currently watching X. Looks like a bull flag appearing to form on a daily chart