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The Easy VIX:  ETF Basket Is Up About 1.0% Today, And Algo Says "Sell"

|About: SPDR S&P 500 Trust ETF (SPY), DIA, QQQ, IWM, SSO, Includes: IEF, VIXY

The markets opened up this morning and then began to fade.

At about 11:00 EDT, with the ETF basket still up about 1.0% the algorithm indicated a "Sell" signal.

Apparently VIX futures traders don't believe this negative trend is over.

Please remember, the Algorithm does not call daily trends.  Seven of eight sell intervals result in zero-sum noise vs holding.  One in eight show material advantages.  Be safe now!

I'll keep this short and timely.  I'm selling now here is the intraday dashboard.

The Easy VIX Dashboard

Source: Michael Gettings         Data Sources: Fidelity, VIXCentral, CBOE

If it helps, here is the progression of futures curves:

Progression of VIX Futures Curves

Source: Michael Gettings     Data Sources: VIXCentral, CBOE

For those following the blogs, please keep it up.  I submitted an article early last week and it's still awaiting publication.  By now, with Friday's action, it's wildly obsolete, so I almost hope it gets buried rather than having new readers think I'm out of touch.  I submitted a new article on Friday and hope to see it published mid-week.  That will be more timely I expect, but most of the content was in Friday's blog anyway.

The first disclosure says I'm long SPY, but that is changing as you read this.

So watch the blogs and thanks for following.  Be safe now! 

Disclosure: I am/we are long SPY.

Additional disclosure: I trade all the tickers mentioned using the algorithm described. The artificial intelligence algorithm monitors daily performance and periodically recalibrates look-back horizons and triggers in a step-wise sequence. New calibrations are applied prospectively only, and never applied to the historical period from which they derived. The algorithm described and the discussions herein are intended to provide a perspective on the probability of outcomes based on historical performance. Neither modeled performance nor past performance are any guarantee of future results.