Wednesday, March 11, 2015

Mar 11 - Bounce coming?

Things look decent for a bounce, whether short term or longer it isn't clear but still seems like we could get a bounce then more downside.  Still short VIX from yesterday's close.  Those with short term short positions should be cautious here as selling volume decreases a lot and actually was positive on the $NYSE.  This isn't a signal to go crazy bullish but definitely not one to be aggressively short.

Second day below Bollinger on third day of decreasing volume.  

Also running into downtrending Bollinger on VIX.

Sell off in QQQ very orderly last 2 days on decreasing volume.
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