What About the Medium Term ... What Is Going On?

By: Marty Chenard | Fri, Oct 31, 2014
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Its not always like the picture being painted ...

Short term the market is showing oomph and the Fed is happy for now.

What about the Medium term ... what is going on?

If you construct a weekly chart of the VIX and use the closing values to create a line chart, you get a surprising picture of a condition that is not all roses.

If you look at today's chart, the VIX is in a clear up trend with higher/highs and higher/lows. Don't forget that the VIX moves opposite to the direction of the market.

VIX Weekly ticks on closing values

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
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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.

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