6/17/17 Update on the VIX volatility index

The VIX volatility index is signaling buy into the close on Fri. "Interesting" how this is occurring right at quarterly options expiration. :-)

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=vix&x=52&y=14&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

In a reply to someone last week I outlined how SVXY would "likely" trade back up through 160.00 and then move lower to take out the nonconfirmed low at 148.32 that was set on "meltdown Mon" this past week. Getting close.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=svxy&x=60&y=10&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

A move through 160.00 on SVXY will generate a short term sell signal on it so I will be taking a very short term long position in UVXY via the $11 call options as the 11.58 high set on Mon will be taken out in short order. I find that the UVXY options trade much better volume than the SVXY options, thus my choice to go with UVXY.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uvxy&x=52&y=11&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11