2015 has gotten off to some wild swings, to say the least. The past 2 days (4th and 5th day of a New Year) have been the strongest since 1950, pushing the S&P 500 up 2.97%. This comes on the heels of the S&P getting off to the third worst start in 65 years (see post here) Can these swings be taken advantage of?
I shared the chart below, pre-market yesterday morning. The beginning of the year decline had pushed the VIX (fear Index) higher, where it appeared to be facing triple resistance. (see post here).
CLICK ON CHART TO ENLARGE
The suggestion yesterday to members and on the blog was to short fear or in other words, buy XIV.
Every once in blue moon I will share this trade on the blog, which is my favorite of all tools to buy low and sell higher. If you like these kind of ideas, I would be deeply honored to share them with you as a member.
