$TNX finally followed the market today. It actually formed a funny looking pattern the "Smile F You Bulls Pattern". If TNX was a regular stock it looks like a great short. I think the Risk/Reward on TLT is a good trade here, but I will watch and make sure the trade is there.
Now to the VIX, it finally moved with the mark up 13%. If we break out of that triangle, watch out bulls! That means PANIC! There is great support for the VIX with its 20 and 50 MA siting below and a strong trendline.
I hope you saw my PFE post and shorted PFE with me. I sold my DRYShitters, for a small lose I stuck to my stop and it worked out just fine. Sold my PG Calls for a lose too. I am still hold my SSO shorts and HIG.
On thing I am noticing, is you have to scale out to 5 year charts to see support on a lot of these stocks, and they still have room to fall.
