Market Commentary – March 2, 2010

03/02/2010, at 4:52 pm

Though the market rolled over into the close today the recent action has been generally positive.  The NAZ & S&P are generally looking better than the DOW but all are holding above their respective Daily & Weekly trends.

We are still looking for a VIX entry as a Mid-Term Portfolio hedge and at the 19 level we think this is an excellent entry point.  At this level we are confident that the downside is limited while there is a good opportunity for a substantial upside move prior to earnings season next month.

Coach BD

Filed Under: Alerts & News, Hedges - LONG, Trading Rules & Strategy
Tags: VIX