"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •23 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 944.40 | -1.30 | -0.14% |
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WTI Crude •3 hours | 77.16 | -1.12 | -1.43% |
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Gasoline •3 hours | 2.461 | -0.007 | -0.29% |
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Ethanol •23 days | 2.161 | +0.000 | +0.00% |
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Silver •23 days | 30.82 | +1.16 | +3.92% |
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Silver • 23 days | 30.82 | +1.16 | +3.92% | |
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Copper • 23 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 2 hours | 81.13 | -1.24 | -1.51% | |
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Natural Gas • 3 hours | 2.006 | -0.035 | -1.71% | |
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Heating Oil • 3 hours | 2.420 | -0.052 | -2.08% |
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Yesterday, the VIX closed at 15.58, so it looks like it is okay. But is it really?
The verdict is actually not in yet ... take a look at October, April and now. April was the lowest reading, with October and now not as low as it was in April. With that condition, there remains a possibility of an inverted Head & Shoulder pattern which would have upside implications for the VIX.
SInce the VIX moves opposite to the market, that would not be good for thestock market.
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