The VIX broke out of a triple top on the Point & Figure chart today. Additionally, the S&P500 Index closed below the 1600 support level. There seems to be risk of further correction. I took profits in my long positions in stocks. I will stand aside and see what happens. I remain short the AUD/USD.
Thursday, June 20, 2013
VIX on. Risk off.
The VIX broke out of a triple top on the Point & Figure chart today. Additionally, the S&P500 Index closed below the 1600 support level. There seems to be risk of further correction. I took profits in my long positions in stocks. I will stand aside and see what happens. I remain short the AUD/USD.
Saturday, June 15, 2013
Druckenmiller Interview
The following interview appeared on ZeroHedge today.
http://www.zerohedge.com/news/2013-06-14/stanley-druckenmiller-chinas-future-and-investing-new-normal
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