Housing starts were lower than expected and let me tell you, many experts felt absolutely sure the number would blow away expectations.
But watch the market media ppt spin it that this was good because it means inventory is going lower. So let the market run on bad news again. We all know what that results in. If there is a gap up, time to short.
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Hey Brian,
ReplyDeletehow do you explain the blatant manipulation of the VIX? with the bad housing this morning and the market going red you'd think the VIX would be around 32-33 but no it is DOWN to under 30?!!!!
Its not manipulation on the VIX. The VIX is one mechanism that would be difficult, and would make no sense, to manipulate.
ReplyDeleteThe VIX is indicating that the market price swings are settling down. It doesn't mean that their won't be a market correction, but it means the market is not ready for a major correction and until the VIX goes above the 20 dma, we will not see a major correction.
It appears it is manipulated indeed, I have since found out options on the VIX expire today. ah, what a coincidence! Don't be fooled, they manipulate EVERYTHING!
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