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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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Robert O

To: The Ox who wrote (4219)

5/19/2015 10:42:25 AM

From: The Ox

2 Recommendations Read Replies (2) of 8256

I think it's time to put VXX on reversal watch. I respect the SPY breakout and VXX may need some time to fall further but it's getting to the point where watching for a short term bottom would be wise. 20% move up will need a significant backing off of the markets but at some point we'll see just that.... This market is ignoring any lousy data and may continue to do so for quite a while. As with all reversal watch candidates, patience is likely required. Not always but more often than not!!

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