Weekend Update

The last two weeks are for the record books.  We had the biggest one day move in the Vix, and a 4.5 sigma move in SPY.  A 400 plus year event.  I suspect we are not down with the superlatives yet.  On Friday I got another buy signal on TVIX, and SPY/ES was stopped at some strong resistance areas.

My suspicions are that we have a cup formed, and a possibility of a move to 2017, or it fails here and a move back down to the lows until Fed day.  Pretty confident the highs are in for the year.

The portfolios were rocked.  They are not designed for such a move.  They will normalize after the Fed meeting. I am in cash on the 50K to a million challenge per the signal, and still 50/50 on the Ultimate portfolio.  The latter is now performing just under the SPY for the reporting period.

Our individual Option plays have done very well, and ES is being traded on 1,5,and15 minute now.

We only have a TVIX trade on, at the moment.  Staying very tactical for now.