By Jeff Pierce

Both the daily and weekly chart of the VIX are are levels which in the past have been buying opportunities. While there are some bearish divergences setting up on the indexes it’s too early to tell if this is the end of the bull and for now the best the trend is up.  I continue to believe that before this bull is over we’ll see a fury of buying to the upside in a blow off top. Having said that I’ve slowed my new buys on the momentum stocks and I’m not using margin at all because the risk of a further sell off remains.

Vix Daily



Vix Wkly



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