These Breaches Show Market Instability - A Reason To Not Become Complacent

By: Marty Chenard | Tue, May 20, 2014
Print Email

Today's chart shows the inverted VIX tracking with the NYA Index.

There are a few things to observe on this inverted VIX chart ... (Note: We inverted the VIX so it would track in the same direction as the NYA Index.)

First, the VIX broke above its inverted triangular formation two Monday's ago (May 12th.) Last Thursday and Friday, the VIX went back into its triangular formation but held at the bottom of the triangle's support.

Second, the movement above the triangle is positive for the market, but the fact that the VIX has tested the triangle's support twice in the past few days is of concern. The concern is expanded because the VIX breached its triangle's support from April 11th. to April 15th.

These breaches show market instability and that is a reason to not become complacent..

Inverted VIX Volatility Index



Marty Chenard

Author: Marty Chenard

Marty Chenard
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker. is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2017 Marty Chenard

All Images, XHTML Renderings, and Source Code Copyright ©