Pfizer (NYSE:PFE) has broken down at long last to test the take profit zone (Blue area) and deliver us a profitable resolution to this position.

  The S&P 500 index proxy (SPY) been stuck in a tight range due to some historic options imbalances, our analysis forecast correctly to us that the bears wanted to explore lower… Now we see a 50/50 scenario, and are waiting for a rally that can push up, then fail to offer us a chance…

  The iPath S&P 500 VIX ST Futures ETN (NYSE:VXX) is an instrument that lets you take a directional position on the levels of volatility in the S&P 500. Our models showed that we were nearing historic lows in volatility and our position would have profited nicely from a return to “normal”. Our forecast was…