6:52 am PST. If BAC breaks down below 24.50, it is bearish and correction still in progress. VXX rocketing higher. I have a tiny position – 5 contracts, way out of the money.

6:42 am PST. 1,430,826 shares block traded at 24.50 on BAC shortly after the open. OK. The minuette correction might be over and it is time to buy. I have some VXX puts on going out to May. I am giving myself some time on it as I think the indices will rally into the end of the month.