Notice that the VIX is actually up today with the broad market higher. This is deviating from what we normally see with a rally. Lately the VIX has been getting hit with rallies. Wonder if this is is a subtle little topping sign?
Yes but remember, these deviations and divergences can occur for weeks before a breakdown actually occurs. It's a sign of technicals weakeniing and to be much more cautious, not a sign to go 100% committed short
...except for a few solar daytrades, I am 100% short and in puts. My BHI puts have done very well, I have doubled my money on CC and RSH puts. Quite a few choice short positions out there.
According to the above chart, quite a few stocks trading under their 50 day moving average. Lots of oil service stocks breaking down. Lots of opportunity.
I say go short in the indexes that are breaking down. Just because RIMM keeps going up doesnt mean there are no short candidates.
