The market has bounced up from its early morning lows and is in the midst of a counter-trend rally. If this strength has any staying power it will set up a slew of new signals when it turns back down. The added benefit of an up market is that option premiums will fall, especially on VXX which has risen from $15 to over $70 since its Feb 21st Buy Signal. The originally recommended option, the March 20th $15C, has gone from $1.25 to a high of $60 this morning. If any subscriber took this trade and is still in it, please email me so you can take the rest of us out to dinner. Oh wait, never mind, the restaurants are all closed.
