– VIX closed beneath its short-term weekly support at 13.06. It had held above it until the final hour of the day, when the algos were turned on to “Bang the Close.”

 

 

 

 

 

 

 

SPX is in a throw-over.

– SPX appears to have thrown-over its 1987 trendline, which is the cause of much rejoicing among the bulls. However, it… Continue reading →

 

 

– Not surprisingly, VIX did not make a new low while the SPX made a new high. The reason? Hedging activity has stopped declining. While most investors may be unwilling to short the market, there is still a core of participants who see the necessity to stay hedged.

 

 

 

 

 

 

SPX rallied to its 13-year Top.

– SPX appears… Continue reading →

 

 

– VIX closed under its weekly long-term support/resistance line after challenging it all week. It remains above weekly Short-term support at 13.34 and weekly Intermediate-term support at 13.25. VIX measures the hedging activity in the options market against the S&P 500 Index. Increased hedging activity generally precedes selling activity in the SPX.

 

 

 

 

SPX closed under its 13-year Top -… Continue reading →

 

– VIX broke out above its prior 3-month highs and appears ready to challenge its December high at 19.28. It closed just under its weekly long-term support/resistance line after challenging it all week. VIX measures the hedging activity in the options market against the S&P 500 Index. Increased hedging activity generally precedes selling activity in the SPX.

 

 

 

SPX reverses from its 13-year… Continue reading →

 

 

– VIX continues to build a base of support above the bottom trendline of its massive Ending Diagonal this week. VIX measures the hedging activity in the options market against the S&P 500 Index. Increased hedging activity generally precedes selling activity in the SPX.

 

 

 

 

 

SPX now challenging its 13-year Top.

– SPX has challenged the upper trendline of… Continue reading →

 

– VIX continues to build a base of support above the bottom trendline of its massive Ending Diagonal this week. It challenged long-term resistance at 15.47 and may be preparing to overcome it next week. VIX measures the hedging activity in the options market against the S&P 500 Index. Increased hedging activity generally precedes selling activity in the SPX.

 

 

 

 

 … Continue reading →

 

 

– VIX continued to build a base of support above the bottom trendline of its massive Ending Diagonal this week. There is a clear reversal pattern completed this week indicating a resumption of its uptrend. VIX measures the hedging activity in the options market against the S&P 500 Index. Hedging activity generally precedes selling activity in the SPX.

 

 

 

 

 … Continue reading →

 

– VIX tested the bottom trendline of its massive Ending Diagonal and it held this week. It has also closed above its short-term moving average at 13.14. VIX measures the hedging activity in the options market against the S&P 500 Index. Hedging activity generally precedes selling activity in the SPX. ZeroHedge has this informative article about the VIX.

 

 

 

 

 

 … Continue reading →

 

 

 

– VIX “threw under” its Ending Diagonal this week in what may be its Master Cycle low. This would be the lowest reading for the VIX since December 2006, when it reached 9.39. There was no Ending Diagonal at the 2006 low, however. Diagonals imply an “immediate” and complete retracement from the peak, which was the November 2008 high.

 

 

 … Continue reading →