Vexed VIX….hexed gold…

http://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=3&dy=0&id=p61658225390 In five days the VIX exploded more than 50%, from below 13 to above 21.  Turbulence of this sort generally presages  more unpleasantness for those who are not hedged,…

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Sitting on an IED…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p42576269608 http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRBO[PA][D][F1!3!!!2!20] The market charts are a picture of stagnation and risk.  While the PnF chart targets 2249 the totality of the chart for some 20 months is a massive…

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