The Volatility Index tells everything. In analyzes the fear and greed of investors. Throughout the history of the markets, there is always a key level or levels that when broken, trigger a higher amount of fear inside investors. Think of it like a breakpoint. There is a level on the iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX) I am watching for that very trigger. It is a level that has been defended over and over again. Should this point be broken, fear will spike dramatically, thus the VXX will shoot sharply higher. The level is a daily close above $36.85. If this breaks, the VXX will pop to $38 almost immediately.

Oil is reversing yesteday's bounce. Just 24 hours ago oil bounced higher on a rumor of Iran possibly being willing to cut oil production. This rumor was most likely an attempt by a hedge fund or big institutions to unload oil contracts prior to a bigger collapse. In my humble opinion, the drop today confirms that was exactly what was going on.

As oil hits the lows today, it tagged a support trend line. Take note in the chart below. Should it break this level, there is a sharp drop that will take place to a target of $43.40.

Mylan NV (NASDAQ:MYL) took another beating today as the heat mounted over their Epipen price gouging. The company recently raised the price by 400% and it has now become a political firestorm. While the stock tanks, smart investors see opportunity. Mylan is not a one drug or Epipen pony. After a certain discount has been priced in, the stock will begin to rally again. The buy level based on technical analysis is $37.75.

$AEMD, $BCRX, $CERS, $INO; Virus Continues Spread

Point Roberts, WA, Delta BC – August 22, 2016 – Investorideas.com, a global news source and investor resource covering actively traded sectors including biotech and medical technology  stocks , releases its Zika stocks directory for investors following the sector as the virus continues its spread in the US.

As of this week, Florida’s Governor reported five new non-travel-related cases of Zika virus and the first one in the Tampa Bay area, now bringing the total to 42.

CDC report as of August 17, 2016

•Zika virus disease and Zika virus congenital infection are nationally notifiable conditions.

•This update from the CDC Arboviral Disease Branch includes provisional data reported to ArboNET for January 01, 2015 – August 17, 2016.