Thursday, June 23, 2016

Brexit, Sell The News Set Up Either Way (S&P 500, VIX)

See Full Report
*Fear factor subsiding even though the Brexit event risk has gone up.
*VIX volume down from last week.
*We think traders' plans include staying long and selling into event strength. Since more are leaning long, we think it's setting up to be a sell the news event.
As we approach a UK decision traders are getting less worried. Traders, as seen by VIX coming down expect less volatility. Less volatility is usually associated with the expectation for up markets. That said, the vote is far from decided. We think a sell the news event could be setting up, regardless of the outcome.
VIX shows complacency building into a risk event

See Full Report
Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principle especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS

No comments:

Post a Comment

Comment here: