By Lawrence G. McMillan
The CBOE has launched what may prove to be a very useful product – short-term $VIX futures ($VXST). The feature article discusses their terms and their potential usage. Also, there are comparative charts with $VIX and $VXST. If volume is decent, this should be an excellent product.
Our market indicators are mixed. But it seems that the oversold rally has run its course and a pullback of some sort is due (page 6).
On page 7, we update three systems and indicators that gave very timely buy signals for this strong oversold rally that just took place.
Recommendations include a HUM put write (page 8), a TRN diagonal spread for earnings, a conditional SPY put purchase, and two put-call ratio-based trades in T-Bonds and XLE (page 9)
On page 12 is a conditional spread between $VIX puts and $VXST futures.
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