A Key Reversal
If you don’t utilize the Connor’s VIX reversals to trade, you are missing out
on some great opportunities. In the TradersWire
Interactive chat room, we try to get Greg Che to come in and
give a heads up on any signals that may be showing a buy side or sell side bias.
On Friday, we learn from Greg that we have two sell signals from the
Market Bias Page and another three from
Larry’s VIX and Volatility Service.
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By shorting the e-minis on the close of the day’s signals (Friday)
you get your fill around the closing price of 1105.25. Today, the contracts open
lower and trade farther south, to the tune of 13 points. You can also use index
options or the Spiders if you so choose.
I suggest at least using the CVR signals to get tuned in to the
market bias for your trading if you are not going to trade them. While they are
not always correct, they do provide an edge, and even more so when multiple ones
appear.
Until tomorrow,
Duke
P.S. To everyone I met at Kevin Haggery’s seminar this weekend,
thank you! I had a great time doing so and appreciated your comments and feedback on
this column and the TradersWire.