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VIX Volatility Model - Model moves to CASH/NEUTRAL on May 5, 2017

Published : May 5 2017 at 13:20 ET

The model has moved back to CASH. Sell any volatility related ETFs. Price XIV: 78.06.

We are taking profits here ahead of the final round of the French elections this Sunday. Should Le Pen pull a "Brexit" or "Trump" surprise, this could cause markets to gap lower at Monday's open as Le Pen is perceived to be a direct threat to the stability of the EU by putting France up to a referendum vote on whether to leave the EU. Without France or the UK, the EU is far more likely to fold. 

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