VIX- The best play!
Updated
Hi
I believe the vix is the best play. Last night we had bad earnings by Amazon which made up the bulk of the sp500. It fell more than 6%. This triggered a cascade of fear in the market. I believe the worst is behind us for the immediate future and the Vix which is based on fear and volatility is like to come down. I have shorted this index before market close. My short term target is at the bottom of the channel and long term target of 15.
Alex
I believe the vix is the best play. Last night we had bad earnings by Amazon which made up the bulk of the sp500. It fell more than 6%. This triggered a cascade of fear in the market. I believe the worst is behind us for the immediate future and the Vix which is based on fear and volatility is like to come down. I have shorted this index before market close. My short term target is at the bottom of the channel and long term target of 15.
Alex
Note
Trump had a meeting with Gilead in the W.H to talk about the plan for rolling out the drug. This should definitely calm down markets and I think this trade idea is definitely secured safe.Note
Some bearish FA for stocks over the weekend. Let's see how futures open shortly.Note
Still in play. Expecting a bounce in stocks. But too early to confirm if it is only a bounce or new trend.
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