Folks who are looking to put money to work in the market right now – for fear of missing out on a new bull market – should probably consider holding off for a bit. We’ll likely have a better buying opportunity in the weeks ahead.
The stock market has a habit of humbling folks who think they’ve figured it out. This was an expensive lesson to learn, but it’s one every trader learns at some point.
The trading signals we use from VIX options are so reliable, that I refer to this indicator as a “crystal ball”… and right now, our crystal ball is showing contrarian sentiment.