Wednesday, August 15, 2012

Hold signals.

I had mentioned in the comment section that the JTS was giving a short signal earlier today. That has since disappeared. It will continue to hold longs. Meanwhile, nothing new with the CCI...just waiting for a it remains short. This keeps the JT Comp in cash.

Should VXX close in positive territory with the $VIX down, it will trigger a bad sign for stocks. I have listed stats in the past (don't have time to dig them up) but I will remind you it triggered back on 7/18. TNA then went on to lose ~7 points over the next 4 sessions. Bulls should tread cautiously.

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