Safe Trading Blog

The VIX volatility index once again closed above 30 end of last week. Many investors have been looking for this +30 reading to indicate a washout has been made. However, we should not miss the point and the line of all the story: there are still many open questions still for Financial stocks, some of them will be answered this week!

Then, the best is to wait a bit… A bounce may come in the middle of the week, at least temporary, just a bounce in a global downtrend: possible! Based on contrarian sentiments and decrease in short interests…