VIX has broken out above both the mid-Cycle support and its prior high. VIX is also on an aggressive sell signal. Confirmation comes above is 50-day Moving Average at 16.33.

The Hi-Lo has not reversed beneath its 50-day Moving Average yet.

TNX is on an aggressive sell signal, as well. Confirmation comes beneath the mid-Cycle support at 18.39.

Short SPX positions may be layered in at this level.

Regards,

Tony

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Anthony M. Cherniawski, President and CIO http://www.thepracticalinvestor.com

As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals

Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

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