The bottom line is it should rally if the market drops..how much and how rapidly is the key.
Anyway, this morning, and for the past few days, we saw indication that it might finally break through the $1.25 ceiling that has held it in check for the past month..and as you can see on the chart below, it did..on high relative volume.
All good stuff and the key reason behind our Buy Alert.
So, this one could get interesting as no doubt it's very cheap protection should the market tank regardless of how inefficient it's correlation might be.
An important tenant of The Stealthy Trader methodology is not trying to out think things..No one knows where the overall market is heading..No One..
Therefore, we find spending our time doing so as being a waste of energy.
Instead, we track opportunities that should respond regardless of whichever scenario turns out being correct..the key phrase is "turns out"..
We hope that this potential gem, CVOL, yields desirable results should you decide to follow us. Please note that we're constantly re-configuring our holdings as our methodology requires that we monitor a lot of inputs in real time.
But for now, we feel confident that this one might really pay off.
Feel free to reach out to me personally should you sense that you like our methodology as we're running a 14 Day No Obligation Free Access to our Premium Room(No Credit Card Required) and we'll have you set up for both access to the Premium Section and inclusion in our Alerts..What's better then that?