Oct 20, 2010,  CBOE Volatility Index closed today at 19.79 and this low level of reading indicates that no fear in the market. It also provides a nice opportunity to increase the short positions on stocks and commdoties.

The following is a list of stocks / ETFs that is OK to start buying at this levels.

UUP - PowerShares DB US Dollar Index Bullish
FAZ - Direxion Daily Financial Bear 3X
ZSL - ProShares UltraShort Silver
GLL - ProShares UltraShort Gold
QID - ProShares UltraShort QQQ
TLT - iShares Barclays 20+ Yr Treas.Bond
VXX - iPath S&P 500 VIX Short-Term Futures ETN

I expect the market correction to be after 02 Nov 2010 US Election and Fed Meeting.

 Posted on Oct 20, 2010