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iPath S&P 500 VIX ST Futures ETN Message Board

  • mooheiis mooheiis Feb 9, 2013 3:09 AM Flag

    Market is sending mixed signals

    S&P broke thru resistance Friday, but the Dow failed to close over 14K. Next week should tell if this is a top or not, and if VXX can make new lows or if it has bottomed.

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    • I find it interesting the market closed at the high Friday, and whenever that happens VXX always crashes into the close. But VXX stayed flat all day after 10am yesterday. Maybe this is starting to be the blowoff top that Slecerick talked about where both the market AND the VIX goes up

    • Next week won't really matter much. If we creep higher next week, still does not mean we will not have a major correction the following week.
      It is all about macroeconomics from here. The major earnings annoucements are behind us now, and for the next 2 months Eu, debt ceiling, China, fed, and all the other macroheadliners will determine direction.
      If labor and housing markets continue to show signs of life, the bull could stampede for another several weeks without a breather.
      I am going to peek at my retirement account returns now, just to get my buzz for the week!

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