Wednesday, November 3, 2010

VIX WAY DOWN AFTER FED ANOUNCEMENT

The VIX has moved down quite a bit since the Fed announcement at 2:15 Eastern Time. This could signal that the market thinks that things will go higher...at least in the short term. If we do move up in the short term, pick stocks that are already trending upward. FCX and AAPL are two that immediately come to mind. The market had traded all over the place since the announcement, but the VIX has been pretty steady in its decline.

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