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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (18671)1/30/2017 4:00:15 PM
From: The Ox2 Recommendations

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3bar
John Pitera

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Buying today came in right where you'd expect to see it.

Now we get a ramp up into the close, which is what one expects to see in a bull market.

VXX extreme high today was 7.5% above Friday's low and now nearly flat with the opening price from the "normal trading" day. Market shorts covering into the close, from the looks of it.

Sometimes when VIX starts to move out of a new low, the genie gets out of the bottle for a stretch. Not sure that's what we are seeing today.....we'll know by the end of the week.
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