VIX

The VIX appears unlikely to fall back near 12, but a big explosion higher isn't backed up by the indicators yet, either.

Look for the S&P 500 to make a run at 3000 by Labor Day.

The risk/reward of being short U.S. bonds and long the S&P 500 for a trade makes sense at these levels.

Who says late summer is quiet -- with the trade war with China escalating, the global economy slowing and volatility in the market rising, you better buckle up.

This little temper tantrum the market threw could be starting to wind down.

Monday saw some short-term extremes, as breadth was bad, more fear crept into the market, and 91% of the volume was on the downside on the New York Stock Exchange.

The VIX is 'backward,' so watch out for black holes, and consider either day trading or holding your cash.

I look forward to an August of heightened volatility, just as we saw in May and December.

With the headlines of the week -- especially the tariff drama -- as the backdrop to Thursday's decline, let's pick apart what the indicators show.

When it's choppy like this, protect capital, but know that new setups will develop once the indexes stop jumping around, and ultimately the volatility will lead to a new crop of opportunities.