DJIA Quarterly Momentum Chart Update, VXX, Buying SDOW

 

We posted a chart showing the quarterly momentum of the DJIA at the end of April. 

Today we post an update of that chart.  It looks not much different, however the trend remains obvious and in progress while the implications are self-evident.

Simply, we believe it's not different this time. 

Accordingly, we still hold VXX as a general market hedge and short.  Here's an updated chart:

Those who are not sufficiently hedged, or who desire a reasonable general market short speculation, might consider SDOW (ProShares Ultrapro Short DOW30) which last closed at $15.50 

We'd suggest a stop below $14.50 which is slightly beneath the year's low ($14.58 on April 20) and the recent low ($14.61 on June 08).

 

 

 

 

 

 

 



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