From Rally to Rollover: It's Whiplash Week in the Markets
By Don Kaufman
The markets closed up today, nearly 2%, which would be nice if this were anything like a normal market.
But I'm here to tell you, these gains - 2%, 1%, 5% - don't mean a thing.
We're going to spend some time talking about price action, sure, but that has to take a back seat to volatility.
Volatility's the name of the game.
Understanding why this market's doing what it's doing, understanding what it is that's actually blowing up like a hand grenade and posing risks to everyone - that's much more important right now.
Because if you're only reading the VIX, you're only seeing a fraction of what's happening here. I'll show you what you need to know and what you need to be watching to get your money through this.
I'll be straight with you: Not everyone is going to make it. I'm watching some very big players skating on very thin ice right now.
But this is TheoTrade - I'll make sure we get through just fine, starting with our live Whiplash Week event next week.
Let's start with the charts…
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