IF IT AIN'T BROKE DON'T VIX IT - TRADING FUTURES WITH THE VIX
I have talked about this before in here. The above is a chart of the VIX and it shows one of the ways it can be used to trade the DOW FUTURES or SP FUTURES. It can be used to trade the other indexes as well. I just highlighted those two because they are the most commonly used vehicles to trade. Using the VIX is something I will be covering in my writings in the monthly publication in great detail. I think this is the best timing tool for the stock market on a short term basis.
There have been many things written about this over the years. The one main idea with this you need to keep in mind is that static levels are irrelevant. It is all about relative value here. You can see here we just entered the upper bands here which in the recent past has been a good buy signal. I am still looking for us to hang in there until the end of November or at least until after the election, before anything big happens. This gives some support for a short term long position.
Thanks to everyone who has been trying out the services in my new web site. The demand has been so much stronger than I anticipated and I have fallen behind on the administrative aspect of things. Bear with me. If we happen to start late, I will give Swing subs a free first month. I am considering changing to emailing the trades as opposed to the log in retrieval plan. The problem with this is the disclaimer that is required. I am mulling this over. You should have gotten an email regarding this tonight. If you did not email me from the web site, the emails are working correctly now.
PFG
There was an email that went out today in regards to verifying your accounts with PFG through Rust Omni. If you tried to do this and had problems you are not alone. I tried all my accounts and none of them worked. I then called them and they could not pull them up either and told me the system was not working. Thank goodness they have had 3 months and been paid millions. Can you imagine if we had paid them and insulting 250k what the status would be? I will call them again tomorrow and report what I find out. I think this is just the way the "system" works. They just wear you down and try to get you go give up the fight. I will not. I don't think the material facts have changed, the keystone cops just make it seem like it.
I don't have much more than this things look bullish to me for Friday. I only have one sell signal in all of the markets which is rare.
Good Trading
3 comments:
Chris,
Regarding the Disclaimer, couldn't you just have every subscriber email back that they have read and understand the Disclaimer and then just keep the emails on file. It could be a requirement to begin a subscription with a checkbox type of acknowledgement like one sees when opening a Futures or Stock Brokerage account.
Don in Virginia
Chris,
boy these markets can sure surprise the you know what out of you..sure seemed like today would be an up day--
yes but not much damage really happened
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