"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 10 hours Vladimir Putin’s Mysterious Fortune
  • 11 hours Cryptos Resist Social Media Crackdown
  • 12 hours The Death Of Dodd-Frank
  • 13 hours Bitcoin Bounces Back Ahead Of G20 Meeting
  • 14 hours Trump's Trade War Nears Boiling Point
  • 16 hours Will April Be A Turning Point For Precious Metals?
  • 17 hours Economic Pressures Weigh On Banks And Borrowers
  • 19 hours U.S. Political Uncertainty Keeps Stock Markets On Edge
  • 1 day Gold: The Religion Of Currency
  • 3 days Economists Polarized On Trump’s Tariff Plan
  • 3 days Why Are Investors Overlooking Gold Stocks?
  • 3 days The App That Democratized Trading Is Now Worth $5B
  • 4 days Super-Cycles: Why Gold Is Set For A Breakout
  • 4 days U.S. Sanctions Russia For Election Meddling And Cyberattacks
  • 4 days Snap Shares Tank Over ‘Slap Rihanna’ Campaign
  • 4 days How Low Can Bitcoin Go?
  • 4 days Amazon’s Japan HQ Raided In Anti-Monopoly Push
  • 4 days Is Barrick Gold Close To Finding A Bottom?
  • 4 days Morgan Stanley’s Top 10 Short-Term Stock Picks
  • 4 days China: The Land Of The Ultra-Rich
Consumer Confidence Fails To Boost Retail Sales

Consumer Confidence Fails To Boost Retail Sales

Consumer confidence measured by market…

Is Barrick Gold Close To Finding A Bottom?

Is Barrick Gold Close To Finding A Bottom?

Barrick gold has been a…

The App That Democratized Trading Is Now Worth $5B

The App That Democratized Trading Is Now Worth $5B

Investors and customers have rallied…

Marty Chenard

Marty Chenard

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…

More Info

Watch What the VIX is Saying...

The VIX is regarded as the Fear Index by many, so you would expect it to be screaming "Fear" after yesterday's market drop, the Libyan and Saudi troubles, and the huge earthquake in Japan.

It isn't ... instead it is showing that the market is acting like it is relatively undaunted by all the above concerns.

So, let's look at two VIX charts today, and discuss what the VIX is saying ...

Our first chart shows the VIX from June 2010 to 12:57 PM today. Note that the spike on February 23rd. set the high for a new resistance line from July 2nd. 2010.

After that, the remaining action created a triangular pattern which was a set-up for a VIX breakout.

The VIX broke out to the upside on Thursday, but notice what the daily bar did. (See both charts, the second chart is a close up of the action.)

What did it do? Thursday's bar went right up to and touched the 8 1/2 month resistance line and stopped. And then today, the VIX pulled back into the triangular pattern. (See where it was at 12:57 PM in the second chart.)

So, for all the concerns that have plagued the market this week, the VIX is remarkably calm and suggesting that the market may have the gumption to climb a wall of worry. The odds will favor that possibility as long as the VIX remains below the June 2010 to March 11 resistance line.

VIX Volatility Index

Friday's 12:57 PM close up chart for the VIX.

VIX - Feb 22nd


(Not a subscriber yet? Give some thought to joining us as one of our paid subscribers and see the dozens of chart updates we post daily. Charts that include inflowing Liquidity levels, Institutional Investor Buying and Selling levels, Institutional Accumulation/Distribution and data not found anywhere else.)


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter