Archives

Weekend Update

November 17, 2017

VIX

VIX rallied from its mid – Cycle resistance at 14.59 before closing above Long-term support at 11.11. VIX is on a buy signal. The inverted Head & Shoulders formation now has a completed right shoulder giving a potential target for the next move higher when the neckline is exceeded.

(Barrons) The CBOE Volatility Index spiked to 14.5 early Wednesday morning… Continue reading

November 10, 2017

VIX

VIX rose from its Master Cycle low to close above Long-term support/resistance at 11.11. VIX is now on a buy signal. The inverted Head & Shoulders formation now has a completed right shoulder giving a potential target for the next move higher.

(Bloomberg) Volatility roared back into the U.S. equity market as fresh concern about the prospects for tax reform… Continue reading

October 27, 2017

VIX

VIX declined beneath all but the July 26 low. However, it was a record weekly closing low. The inverted Head & Shoulders formation still survives due to the probability that today’s low may have been a late Master Cycle low.

(TheFelderReport) RealVision recently put together a compilation of several market pros’ views (including yours truly’s) regarding the very serious and… Continue reading

October 27, 2017

VIX

 

VIX broke out against the prior week’s high, but ended the week below all critical support/resistance areas. A buy signal awaits it above Intermediate-term resistance at 10.70, with further confirmation above weekly mid-Cycle resistance at 14.64. It has an inverted Head & Shoulders formation that, when triggered, offers us a potential target for the next rally.

(RealInvestmentAdvice) I … Continue reading

October 20, 2017

VIX

 

VIX created a bullish engulfing pattern in which the highs and lows exceeded the prior week with a weekly close above last week’s closing high. A buy signal awaits it above Intermediate-term resistance at 10.79, with further confirmation above weekly mid-Cycle resistance at 14.69. It has an inverted Head & Shoulders formation that, when triggered, offers us a potential target for… Continue reading

October 13, 2017

VIX

 

VIX ran up to test weekly Intermediate-term resistance at 10.79, but closed beneath it. A buy signal awaits it above that level, with further confirmation above weekly mid-Cycle resistance at 14.75. It has an inverted Head & Shoulders formation that, when triggered, offers us a potential target for the next rally.

(TheStreet) Although it is early in the month… Continue reading

October 6, 2017

VIX

VIX extended its corrective decline with a weekly low at 9.11, making eight consecutive daily closes beneath 10.00. It is beneath all technical supports and must rise above its Intermediate-term resistance at 10.83 for a buy signal, with further confirmation above weekly mid-Cycle resistance at 14.79. It has an inverted Head & Shoulders formation thar, when triggered, gives us a potential target… Continue reading

September 29, 2017

VIX

 

VIX extended its corrective decline with a low at 9.36 this week. It is beneath all technical supports and must rise above its Intermediate-term resistance at 10.90 for a buy signal, with further confirmation above weekly mid-Cycle resistance at 14.82. It has an inverted Head & Shoulders formation that, when triggered, gives us a potential target for the next rally.

(… Continue reading

September 22, 2017

VIX

 

VIX took another week to complete its corrective decline with a low at 9.53 this week. It is beneath all technical supports and must rise above its Intermediate-term resistance at 10.91 for a buy signal, with further confirmation above weekly mid-Cycle resistance at 14.86 and the Ending Diagonal trendline near 15.00.

(BusinessInsider) Making bets on volatility has never been… Continue reading

September 8, 2017

VIX

 

VIX had an inside week, but closed above Long-term support at 11.37. It is on a weekly buy signal with further confirmation above weekly mid-Cycle resistance at 14.93and the Ending Diagonal trendline near 15.00. Could the initial foray in August have broken the trendline already?

(BusinessInsider) The New York Times’ DealBook had a great piece of journalism … Continue reading