Exited these trading positions, because VIX is approaching 20. The market could start cascading down as VIX approaches the 30s.
For VET:
- OVX is in the mid 30s.
- Oil is weakening in Hedgeye's trend signal (but still bullish).
- VET's chart has a big high-volume-red-candle on Tues night. Normally one red candle won't make me sell, but combine it with the other stuff.
For WHC, its a harder decision, the chart looks OK - it may keep going up:
I am probably leaving some money on the table here. A short term trader would probably buy it today and sell a few days later. Especially as VIX enters the 20s into a choppy market. But I still decided to sell now since I'm free today, and may not be able to trade later.
Small profit on both trades.
