NO VIX CONFIRMATION

You can now see why I wanted that VIX confirmation before becoming too aggressive. With the VIX now down near 21, the market looks like it will rally or chop sideways through the end of the year. I'm going to take the last two weeks off, but I will try to update the blog if there is any major move. We won't look to turn bearish again unless the S&P 500 drops below Monday's low...and the VIX starts to spike up near 30. The volume in the market should start to lessen as we get nearer to Christmas. I don't usually trade the last two weeks of the year. Most professionals take this time off. Usually the only ones trading during this period are the amateurs and the professionals that are trading against the amateurs. Because of this, you can sometimes see some weird moves in the market...and some swings back and forth. The short term trend of the market would suggest a bullish bias for at least a few days, but the longer term outlook is still bearish and the market can still turn at any time. The safest play is in cash right now. Enjoy your holiday season. Have a very Merry Christmas and a prosperous New Year!