✅ The VIX is nearing 13. Based on my analysis, this might be a good moment to consider cutting back on stocks and opening a bullish VIX position.
I went long on a VIX CALL with a 10th strike.
Historically, the VIX has rebounded from the 13 level. I'll increase the position if the VIX retreats further and take profit when it encroaches on the 16-19 bracket....
It's a very good time to buy CSCO, but need to be cautious since VIX is near the bottom - it means a bear move is coming soon. Also, we opened a short position on TGT.
After earnings, CSCO fell sharply downwards and the Bearish Greed indicator shows that CSCO is in the green buy zone, which creates good momentum.
