Evening Thread

VXX daily chart

How low can it go?  I don't use Fibonacci tools very much and I may not be doing this correctly now but ... I think you get the idea that it's getting quite low.  I might even pick up some longer dated calls.

Afternoon Thread

Part of the spring collection of trading thongs

The DXY0 ($US) has not been this low since Dec.8th.  Some say it decoupled but I don't think so.

Morning Thread

Gator's Chart of the Day: WPRT

Can you say short squeeze?  I knew you could.  According to shortsqueeze.com the short ratio is 8.8.

You may recognize this as a Cramer fave.  The company is in the middle of the natural gas action but in a good way.  Below is the Finviz description of the company.

Westport Innovations Inc. provides alternative fuel, low-emissions technologies that enable engines to operate on fuels, such as compressed natural gas, liquefied natural gas, hydrogen, and biofuels. It partners with diesel engine and truck original equipment manufacturers (OEMs) to develop, manufacture, and distribute the Westport's engines to various truck and bus OEMs. The company's Light-Duty division focuses on light-duty automotive systems, components, and engines, including 2.4L engines for industrial applications, such as forklifts and oilfield service. It, through its joint venture with Cummins, sells a range of low-emissions alternative fuel engines for commercial urban fleets, including buses, refuse trucks, and vocational vehicles. The company, through its proprietary development platform, Westport Heavy Duty, engages in the engineering, design, and marketing of natural gas-enabling technology for the heavy-duty diesel engine and truck market. Westport Innovations Inc. was founded in 1995 and is headquartered in Vancouver, Canada.

Note the 3 red candles preceding yesterday.  Some may argue but I believe this configuration qualifies as a "rising three" which is a bullish continuation pattern.  Others may say it's a flag.  Whatever you want to call it there is no denying it has the market's attention.  (I have no position.)