Note The Current Level of The VIX ... It is Pretty Close to The Support Line

By: Marty Chenard | Fri, Nov 21, 2014
Print Email

Risk Levels are still rising ...

It is hard to imagine it when the stock market is going up, but the VIX is still saying that risk levels are rising.

This can be seen when one looks at the weekly chart of closing values on the VIX (see the chart below).

Since the beginning of July, the VIX has made higher/lows and higher/highs which is the definition of an up trend. Why is that important? Because the VIX moves inversely to the stock market.

Note the current level of the VIX ... it is pretty close to the support line. If it can fall below that level at the close today, it will have a shot of breaking its up trending.

VIX Weekly Chart



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 ©