August 22, 2017 | Will Hindenburg, Eclipse Turn Out to Be Duds?

With this week’s solar eclipse and the recent flashing of yet another Hindenburg Omen, traders should probably be braced for Armageddon. Alas, the stock market has a way of thwarting preparedness by boring to death those who would attempt it. And if millions of traders are indeed ready for the worst at this moment, you can bet that Mr. Market will be on his best behavior. I’d just about given up on a 10.24 target for VXX, which, if reached, would imply that already brain-dead volatility is about to sink even lower. Perhaps it’s time to dust this target off?
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Rick Ackerman August 22nd, 2017
Posted In: Rick's Picks
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