There is not much I can add to today's market action. The Sell signals mentioned yesterday are still pending and the open portfolio is Short enough to benefit from any sudden move down, which not surprisingly is exactly what I expect in the days ahead. Being that all of these trades are March trades (when VXXB triggers Long it will become the lone February trade), there are still a healthy 50 days left for that new leg down to assert itself. So we wait.
Below is an updated trading table, which we will be taking a closer look at in Saturday's weekend update:
