ETF Prophet

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Mr. Ice

We had a rare down December/FOMC option expiration week.   Most importantly, it gave us another down weekly close and VIX is scrapping along the recent low.  This action felt a bit like the lousy Thanksgiving week and upside probe had been rejected two days in a row even though we closed slightly green both days.  Will we get a big rally like the week after Thanksgiving? Another likely scenario is a higher VIX and some early week weakness next week to setup a potential rally into end of the year.

One Response to “Manage Your Risk While Waiting for Santa”

  1. Ok, that’s it, use of word “Santa” is banned. St. Nick, Old Jolly Elf, Man in the Red Suit, all still permitted.