The system is calling for another up day tomorrow.
Will go to 1.5x.
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Trading Blogs
About Me
- Forecaster
- I originally developed this stock market timing system to trade leveraged mutual funds within a retirement account. It appeared that traditional "buy and hold" strategies would not generate the returns I desired in the time frame I needed. I wanted a mechanical trading system that took the emotion out of making decisions about the future moves of the markets. This system gives a "end of day" call for the next days market direction. On some days it requires some input from the trader as the signal may be dependent on the closing price of a particular index. It can be traded using etf's or mutual funds. This blog is for entertainment purposes and to track the development of this system. It is not intended to be used as advice. Use at your own risk!
You are likely right being Long for Thurs. Today (Wed) when the SP500 sold off (after 3pm) the VIX did not rally much,..it had been lower most of the day.
ReplyDeleteOn days when the VIX behaves like this,...staying depressed even in the face of SP500 selloff, oftentimes the very next day SP500 closes higher.
Cobra's blog has a post about this relationship on blog entry DATED 05-05 (a past blog update):
http://cobrasmarketview.blogspot.com/2009/05/05052009-market-recap-vix-vs-cpc.html
Anyhow, I am with you for Thurs,...biased for a higher close tomorrow.
Regards, Jim P.