B-O-R-I-N-G Part II.
Investors say yay! Stocks are staying near highs and your dividends are being reinvested - more buyers than sellers should create upward pressure and if we break 1150 on SPX, look out above!
Traders say, boring!! The Vix in the teens means no volatility, meaning not many trading opportunities. One a day, if that. So you better be right and take small losses if wrong because you don't get a second chance to make the losing trade back.
Two charts for you:
SPX - a 6 month chart
VIX - our "fear" gauge on a yearly chart
As they mentioned on Fast Money, it is SUPER cheap to buy protection on your portfolio with options either on stocks or ETF's or even the indexes themselves.
FOREX - I am not even going to mention the forex markets!! D-E-A-D on an intraday trading horizon during the US equity session.
Have a great day - I am off for a 5 miler in the Hidden Cove area. Great views of the southern exposed Jeremy Ranch area - mountain biking can't be far away with these temps. Or will we get another April storm when most of us are ready for spring???
Be Environmentally Cool with Locals Have More Fun apparel and even cooler by attending the Wild and Scenic Film Festival over the next 2 nights.
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