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First Hint Of Fear

|Includes: ProShares VIX Short-Term Futures ETF (VIXY)

By Jeff Pierce

I kinda get the feeling that many traders are out there waiting for the big one...the correction that comes out of nowhere. For such a small % decline on the major indexes today it sure felt like a lot of fear out there on the twitter/stocktwits stream. Currently my timing signal remains up on all three indexes (DOW, NASD, TSX) with the Dow being the weakest of the three with the short/mid down, but the long term signal for the Dow remains up so the overall trend remains up. Until we see further deterioration on these indicators it's best to be cautiously bullish.