Around the horn with major indices and currencies… Like SPX, most are at a threshold where they must either break down or break out (I think “break down,” but we’ll know soon enough.) Coming up: VIX, RUT, COMP, NYA, NDX, DJIA, FTSE, SPX, DX, EURUSD, USDJPY, AUDUSD, CL, GC, SI. And, yes, I’m happy … continue reading →
Tag Archives: VIX
Alice laughed: “There’s no use trying,” she said; “one can’t believe impossible things.” “I daresay you haven’t had much practice,” said the Queen. “When I was younger, I always did it for half an hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.” ― Lewis Carroll, Alice’s Adventures … continue reading →
VIX looks to have completed another falling wedge, falling to 13.51 on Sep 14 — versus the Aug 17 low of 13.3 and the Mar 16 low of 13.66. The 5-year red, dashed TL is currently around 13.24, but there is no evidence that the TL will be tested again this go ’round. One note … continue reading →
If you found yourself scratching your head today, you’re not alone. SPX finally shed a couple of points — the first loss in seven forgettable sessions. VIX reacted by selling off by 1.04. Huh? DX followed suit, settling 0.18 after being down as much as .66 from Friday’s high. Come again? I wrote about VIX … continue reading →
VIX overshot its .886 on Friday, losing .60 in the same way SPX gained 3 points — all in the last few minutes of the session. Is this price action a signal of a continuing rally, or is it a futures related drop that signals the rally’s last gasp? As of the close on Friday, … continue reading →
Regular readers are well-acquainted with one of the tools we frequently use in forecasting VIX: the channels on its daily RSI chart. On April 18, with VIX at 18.70, RSI channels helped me forecast a high of 27.13 [see: VIX at a Crossroads.] VIX reached its yearly high of 27.73 on June 4. Being able … continue reading →
ORIGINAL POST: 9:15 AM The ugly NFP has been called “not ugly enough” to bring on more QE immediately. Let’s look at how the current 10-pt ES loss might shake out on the opening. continued… … continue reading →
Taking another stab at VIX’s daily chart. Yesterday’s low of 17.09 was just .03 off the .786 Fib level of 17.12 we mentioned a couple of days ago [see: The VIX is In]. There are a couple of different interpretations. Fist: that the smaller (red) pattern is complete at the .886 and should reverse strongly. … continue reading →
Earlier today [see: Close but no Cigarro], I opined as to how SPX wasn’t done back testing its IH&S because — among other reasons — VIX hadn’t even reached, let alone reacted off our target of 18.31 (the solid red line.) Never mind the “reached” part. VIX nailed our June 12 forecast right at the … continue reading →
ORIGINAL POST: 11:00 AM With all the volatility these past few days, VIX has put on a spectacular show — gaining 3.69 yesterday alone (18.6%). The weeks ahead promise to be just as exciting, but not for the reasons most expect. As discussed back on June 2 [see: Channeling VIX] the “fear index” was on … continue reading →