The inverted head and shoulders that we talked about last week is fulfilling its end of the bargain, did you get long? Here is a look at the top line figures over the past few years. Notice that the NASDAQ and Russell are leading the way higher. This makes sense as a technology and small caps are where the most entrepreneurship and growth comes from as we work our way out of a recession.
The VIX is about to rip, which way is it headed
The VIX is in store for a big move. Checkout the image below, it’s at the apex of a descending triangle. If we get a breakout in the market above this year’s highs watch for a confirming breakdown in the VIX.