when the vix has spiked up 10% or more, the following sessions indicate a market rally.hope people bought some RJF on the spike up monday. sell when the VIX approaches 40, or when you make 10% on this position, whichever comes first. dont get greedy!
had also scooped up some LAZ over the past two days. LAZ hasnt spiked up as much as this one has, but that could be because it has a substantially lower short interest, and hence, not as many finicky shorts covering their position. LAZ could still be a good buy under 25, and is a much safer play than RJF. good luck y'all.
sold RJF, not quite 10%, but close enough for two days work. entered into EVR. might be worth a look if anyones interested. GL.