Highest VIX

#VIXindicator Today was the highest $VIX since January 3rd, when VIX was dropping from its Christmas Eve highs.

$VXX and $UVXY were higher in May, as they suffer from Contango.

SPX put spread

#SPX1dte Didn’t get any bounce to sell call spreads, so tried a put spread.

Sold $SPX Aug 7th 2725/2700 put spreads for 1.80. Hopefully I can close this tomorrow.

Two more Warnings fired today, but I gotta think at least a small relief rally will happen tomorrow. This is a pretty brutal day. #VIXindicator

Another warning

#VIXindicator I began to doubt it would show its stuff on day one, but the Downside Warning came through today, and a second warning fired at the close.

Downside Warning in effect

#VIXIndicator Although we recovered from the huge intraday drop, the VIX spiked again at the close and fired a Downside Warning. Expect more volatility and a market drop in the coming days.

Look out above

#VIXIndicator An Upside Warning went into effect at the close Friday. This signal has been over 90% effective since 2000, leading to at least a 1.5% short-term gain in the S&P. Expect new record highs over the next couple of weeks.

Downside Warning canceled

#VIXIndicator It’s been awhile since we started this Warning, so I missed the fact that it was canceled on Thursday with the new SPX high. So now we set up for either a new Downside Warning or an Upside Warning. See the sidebar for those levels.

Downside Warning

#VIXIndicator A Downside Warning is now in effect… look for continued drop, at least in the short term.