Interesting market action in the US. The market looks to be fearless again having shrugged off thoughts of the Middle East and Central Europe hot spots.
This isn't a market moving sideways but one advancing while the VIX is retreating. My thoughts are that to trade those markets upwards is like catching the falling knife but as the price of the VIXY compresses so the price lessens. These next few weeks (days?) could be the opportunity to look at buying the VIX at it's weakest, catching the momentum when the S&P stumbles again.
