Beware the Ramp

Yesterday was an exercise in propping up equities until the close, which clearly pointed to a continuation of the slide.  Thanks to oil’s pump and VIX’s dump overnight, however, the futures were able to break out of their funk and are now sporting a 6-pt gain going into the open.

This leaves the downside from SPX’s recent backtest in limbo — which, of course, is the whole point.

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password