Market Canaries VIX and GLD Drop Dead, Rally Rolls Over
By: Matthew Whiz Buckley
In today’s Market Situation Report, Matthew ‘Whiz’ Buckley, WCI’s Chief Investment Strategist discusses the ‘huge canary in the coal mine.’ “When the market is up and the VIX is up, that should tell you something,” says Mr. Buckley. “Traders do not believe the hype and are starting to look for protection.”
He also discusses how GLD is up due to people ‘flocking to safety,’ and TGO’s Weekly Options Portfolio is up $1,500 in only two days.
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