Saturday Rock Blog: Christmas Tears or Shorting Best Buy (BBY) for the holidays

Disclosure: I am short BBY and I have BBY puts.

VIX UPDATE

VIX Retest of 1240-1199 head fake provided support to reverse back through 4 week highs, breaking out and squeezing shorts after the attempted breakdown at 1199.  Taking this 1463-1199 range, gives an upside expansion target of 1674. Pullbacks within 1330-1290 new support.

RISK DISCLOSURE: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS IS SUBSTANTIAL AND SUCH INVESTING IS NOT SUITABLE FOR ALL INVESTORS.  AN INVESTOR COULD LOSE MORE THAN THE INITIAL INVESTMENT.