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Daily Watch List Update
MARKET NOTE: Dear Members: Yesterday looked like the bulls were going to take charge with everything moving along nicely. Then the minutes from the last FOMC meeting came out and traders headed for the exits with all of the major indexes reversing to…
MARKET NOTE: Dear Members: The volatility of late has show that traders have become more nervous. After many months of the market heading straight up it now takes more courage to deploy capital on the long side. The VIX has settled down some today…
MARKET NOTE: Dear Members: I pointed out in Friday's Market Update that the VIX was spiking in spite of stocks holding up well and to me that was a negative signal. Now today it's spiked even higher as it is back above 13 and is higher by almost 6%…