• 3 hours 3 Oil Stocks Ready To Weather The Geopolitical Storm
  • 21 hours Gold Miners Eye Big Third Quarter Profits
  • 1 day The U.S. Doubles Down On Domestic Lithium Production
  • 2 days Reddit Trader Scores 14,000% Returns On Rogue Trade
  • 3 days The Tangled Web Stretching From Turkey To DC
  • 3 days The U.S. Dollar Eyes Greater Upside
  • 3 days More And More Americans Believe A Recession Is Looming
  • 3 days Is The Pot Stock Boom Over Already?
  • 4 days How The California Utility Crisis Could Have Been Avoided
  • 4 days The Ugly Truth About Investing In Private Equity Deals
  • 5 days The World Is Facing A $1 Trillion Food Waste Crisis
  • 5 days Is It Time To Buy The Dip In Gold?
  • 5 days The History Of Oil Markets
  • 6 days Three Stocks To Watch Ahead Of Earnings Season
  • 6 days Markets Flat As Bulls And Bears Battle It Out
  • 6 days The Mining Industry Still Has a Human Rights Problem
  • 7 days 5 Billionaires Booted From Their Own Companies
  • 7 days Can Toyota's Hydrogen Car Take On Tesla?
  • 8 days Why Universal Basic Income Won't Work
  • 9 days Is This The Real Golden State?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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…

Contact Author

  1. Home
  2. Markets
  3. Other

VIX Update

Let's go back 15 months on the Volatility Index (the VIX). To do so, we posted a 15 month VIX chart below.

While the VIX has been dropping currently, the stock market has been good. (Remember that the stock market goes in the opposite direction of the VIX.)

Now, look at the 15 month view of the posted chart. Here is what you can observe:

1. The VIX hasn't hit its support line yet ... It had been moving down, but has not reached the support line yet.

2. From last August to now, there is a down sloping thick black line. Note that toward the end of this past June, the VIX penetrated that upper black resistance line to the upside and then pulled back. That was a breach of that resistance line and breaches are very often revisited later, so be very careful in the future.

VIX

 

Back to homepage

Leave a comment

Leave a comment