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VIX VIX appears to be in the final decline of a Broadening Bottom formation that is marked by successive higher highs and lower lows.  This move may be truncated, which means it may not exceed the prior 12.50 low.  In the meantime, it has given several false buy and sell signals.  The Cycles Model suggests a probable low today. Broadening formations (tops… Continue reading

VIX

VIX may be forming what is known as a Broadening Bottom formation that is marked by successive higher highs and lower lows.  If correct, this decline may be the last.  These formations are hard to identify, since they are rare and are not identifiable until the fifth and final point, likely to be beneath 12.50.  In the meantime, it has given several… Continue reading

VIXVIX broke above prior highs and challenged its weekly Intermediate-term resistance at 16.91 before falling back beneath weekly mid-Cycle support/resistance at 15.97.  This may indicate a potential buy signal (NYSE sell).  Further confirmation of the buy signal lies with a close above the mid-Cycle resistance and Intermediate-term resistance.

(Bloomberg)  Since its April low, the Chicago Board Options Exchange Volatility Index… Continue reading

VIX VIX bounced from its Pennant formation trendline closing above its Short-term support at 14.60.  This maintains a potential aggressive buy signal (NYSE sell signal). A breakout above the weekly high at 17.09 may confirm the signal.  Further confirmation lies above the mid-Cycle resistance at 15.87 and Intermediate-term resistance at 17.33.

(ZeroHedge)  Over the past two weeks we observed two… Continue reading

VIX

VIX challenged its weekly mid-Cycle resistance at 15.87, but pulled back and closed just above its Pennant formation.  This maintains a potential aggressive buy signal (NYSE sell signal). A breakout above the weekly high at 17.09 may confirm the signal.  Further confirmation lies at the double resistance at 18.03.

(SeeItMarket)   The Volatility Index (VIX) is followed by most active… Continue reading

 

VIXWhat a difference a week makes! VIX emerged above its Pennant formation and challenged weekly mid-Cycle resistance. This resulted in a potential buy signal (NYSE sell signal). Closing above mid-Cycle resistance at 15.89 may confirm the signal.

(ZeroHedge) The chart of the volatility index measures the “fear of a correction” that currently exists in the market. As a contrarian… Continue reading

VIXVIX appears to have completed its long-awaited Wave (2) at 12.50 on Wednesday. A buy signal (NYSE sell signal) may result from a subsequent rally above its Pennant trendline at 14.50, while closing above mid-Cycle resistance at 15.88 may confirm the signal.

(ZeroHedge) Who’s afraid of the big bad bear? No one, it seems.

The CBOE VIX Index sits at 13, just 8%… Continue reading

VIX VIX challenged its weekly mid-Cycle resistance at 16.06, closing beneath it.  It appears to be on an aggressive buy signal (NYSE sell signal), while closing above mid-Cycle resistance may confirm the signal.

(ZeroHedgeAnd CSFB’s “Fear Barometer” just hit an all-time high…

As CS’ Mandy Xu notes, typically, an increase in the CSFB is caused by a combination of higher… Continue reading

VIX

VIX appears to have completed its Wave (2) low and emerged above tis Pennant formation.  It also challenged mid-Cycle resistance at 15.90, giving an aggressive buy signal (NYSE sell signal).  Two different opinions are expressed below.

(Bloomberg)  Betting that the stock market will get more volatile has been one of the worst trades amid a 13 percent rebound… Continue reading

VIXVIX began a rally from its Master Cycle low on March 18.  An aggressive buy signal (NYSE sell signal) may be made with a rally back above mid-Cycle resistance at 15.90.

(Barrons)  Lots of market-watchers are talking about the recent plunge in the CBOE Volatility Index (VIX).  The VIX, an options-based measure of market expectations for future price… Continue reading