Commodity Prices

Gold •15 mins	2,045.20	-1.20	-0.06%
Platinum •15 mins	910.60	-1.40	-0.15%
WTI Crude •10 mins	69.83	+0.49	+0.71%
Gasoline •13 mins	2.009	+0.008	+0.39%
Ethanol •2 hours	2.161	+0.000	+0.00%
Silver •15 mins	24.09	+0.03	+0.13%

Silver • 15 mins	24.09	+0.03	+0.13%
Copper • 15 mins	3.798	+0.001	+0.01%
Brent Crude • 2 hours	74.05	-0.25	-0.34%
Natural Gas • 11 mins	2.563	-0.022	-0.85%
Heating Oil • 15 mins	2.561	+0.012	+0.45%

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Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent…

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CBOE Volatility Index

By Ed Carlson - May 10, 2016, 2:31 PM CDT

The VIX gave up 0.98 points last week to close at 14.72 after peaking on the expected short-term cycle high on Wednesday. Since March, the VIX has been turned back by resistance at 16.40 several times highlighting the importance of this level. A breakout from 16.40 will be very bearish for equities. Last Friday was an expected 34-day cycle low. The weekly Coppock is very oversold warning of a tradable rally in the VIX (bearish equities).

S&P500 and VIX Chart
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