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

  • 15 hours Why The Next Oil Boom Will Be Fueled By Blockchain
  • 17 hours 5 Things Investors Should Know About China this New Year
  • 20 hours Is The South Korean Crypto-Drama Finally Over?
  • 21 hours Miners’ Rally? What Rally? Watch Out for More Fake Moves!
  • 22 hours Four Percent 10-year Note Yield Will Be a Floor Not a Ceiling
  • 23 hours The End Is Near
  • 2 days 5 Record Breaking Gemstones Even Billionaires Can’t Buy
  • 2 days Irredeemable Currency De-tooths Savers
  • 2 days CFTC Offers Bounty For Crypto Pump And Dump Whistleblowers
  • 2 days Have You Been Getting Run Over By This Stock Market Action?
  • 2 days Decision Time
  • 2 days 1 Week Later, Risk Remains ‘On’ as 2 of 3 Amigos Ride On
  • 3 days The Most Polarized Commodity Ever
  • 3 days Commodity Coins and Us: What To Expect From The "Tokenization of Everything"
  • 3 days U.S. Dollar Bull and Bear Markets
  • 3 days GLD May Not Yet Be Ready To Break Out
  • 5 days Permanent Market Support Operations
  • 6 days Bitcoin Was Only The Beginning…
  • 7 days Signs of the Times
  • 7 days Oversold XLE into Seasonal Low
Oversold XLE into Seasonal Low

Oversold XLE into Seasonal Low

A 40% to 50% retracement…

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

VIX Update

Yesterday, the VIX closed at 12.90 while struggling but improving ... there is a concern and that relates to the recent resistance line breaches for later.

Take a look at yesterday's closing VIX chart posted below. Two things are noticeable ...

1. That the VIX is currently moving down to its support line seen in red.  (Remember that the VIX moves opposite to the market.)

2. That the VIX recently had two upside breaches (see the black dashed line). The concern is that breaches can be revisited in order to have them completed.

VIX

 

Back to homepage

Leave a comment

Leave a comment




Don't Miss A Single Story