- Posted February 28, 2013 by
Stock market at important point
For months the market has been going up in spite of the events in Washington DC. Today the market indices have come to an area of decision. Will we go up for the next month or go down? The chart above is the 6 minute SPY chart.
If the market is to turn down from here what stocks will go up. Most likely levergaged stocks like DXD and SPXU will do well. But the wildest of them all is VXX. Markets tend to go down in panic mode and VXX rises in value as panic increases.