Search completed
A low VIX does not guarantee a stock market crash or slowdown per se – but when the waters are this calm, there’s often a storm ahead. The VIX is now trading a such levels of calm not seen since April – just before the flash crash! “What, me worry?” Source: StockCharts.com I watched CNBC […]
There’s still not much of an appetite to buy stocks – but volume remains very quiet as the dog days of summer wind down. We’ve been expecting a decline in stocks, and have been watching for slowly rising volume to accompany these declines to give us a heads up that there is some “umph” behind […]
Today, the volatility index (VXX) hit its lowest level in 3 months. Does this mean we have a large stock market decline in our future? Over the last 6 months, lows in the VIX have corresponded with tops in stocks. Since May’s spike, it’s been a series of lower lows and lower highs for the […]
Yesterday afternoon, we closed our short S&P 500 futures position after hours, on the expectation that some sort of bounce was developing in the near term. If that’s what you call a bounce – it was pretty pathetic! What a lame-ass bounce! We’ll see what type of follow through we get tomorrow and Friday. That […]
“Be fearful when others are greedy” – Warren Buffett Earlier this month, the VIX, a commonly used measure of stock market volatility, hit an 18-month low. We wrote at the time: As you can see from our experience in 2008, when the VIX breaks out, it breaks out in a big way. So a breakout on […]
Volatility on the S&P is nowhere to be seen these days – perhaps the market crash was merely a figment of our imaginations! The VIX is low, and it continues to head lower. (Source: Yahoo Finance) As you can see from our experience in 2008, when the VIX breaks out, it breaks out in a […]
Recent Comments