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QQQ - Market Volatility Bulletin: Investors Head To The Exits For A Second Day As Trade Concerns Hobble Equities
PowerShares QQQ Trust Ser 1
Market Intro
CNBC: 11:09AM EST
Attached is the 24-hour chart on S&P 500 futures. US indices (SPY, DIA, QQQ) put on a rather stunning recovery in Monday afternoon trade, only to give it all back in the overnight session, with continuing red ink in Tuesday trade.
Spot VIX has leaped to nearly a 20 handle, up from between 12-13 vol points on Friday.
Selling stocks is, for the time being, a plausible alternative to buying or holding.
Thoughts on Volatility
A lot of the economic data has improved for the US