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

  • 6 hours Gold Selloff Continues As Dollar Climbs Higher
  • 7 hours Gold Investors In A Frenzy Over Sunken Russian Warship
  • 8 hours The New King Of Electric Cars
  • 9 hours BlackRock Goes Bitcoin
  • 10 hours U.S. Banks See Best Earnings Report In Years
  • 12 hours The Case For Gold Is Not About Price
  • 14 hours Stock Market Sentiment Turns Bullish
  • 1 day What Is Bitcoin Really Supposed To Be?
  • 1 day The Surprising Media Giant Taking On Netflix
  • 1 day Cybersecurity Stocks Are Red-Hot As Election Looms
  • 1 day Americans Grow Weary Of U.S. Trade Policy
  • 1 day What Putin Really Wants From Trump
  • 2 days Europe’s EV Sales Growth Is Slowing
  • 2 days The Looming "Hyper-War"
  • 2 days The Real Winners Of The Real Estate Business
  • 2 days 3 Reasons Small-Cap Stocks Are Booming
  • 2 days Chinese IPO Fervor Slows As Xiaomi Disappoints
  • 2 days How Corporate America Is Filling The Gaps In Public Education
  • 2 days Bezos’ Space Flight Gamble
  • 3 days Is This The Answer To High Gasoline Prices?
The Case For Gold Is Not About Price

The Case For Gold Is Not About Price

Gold has seen huge gains…

The Biggest Winners Of Q2 Earnings Season

The Biggest Winners Of Q2 Earnings Season

The second quarter of 2018…

3 Reasons Small-Cap Stocks Are Booming

3 Reasons Small-Cap Stocks Are Booming

As major market indexes waiver,…

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

Charts and Commentary

The VIX matched its all-time-low yesterday of 9.88 and went slightly below it. At the end of the day, it closed slightly above it at 9.90.

This level is hugely important for the markets. From a technical standpoint, the VIX is now back inside its descending channel and if it moves past this support level, it would mean that the next support level is at a VIX of 5.

This would be absolutely absurd with housing in a slump, the auto makers crying to Bush for concessions, and an economy that is trying to avoid a recession.

Why has it even gone back down to retest the all time low?

Because of the Federal Reserve. After hiding M3 Liquidity levels last March, they have accelerated Liquidity at approximately 10% in an effort to stimulate the economy away from a recession. They are now into an over stimulation modality that will be a big problem when the markets try to go back to a "normal state of balance".

Keep an eye on the VIX through next week as this is a very important level.

It would be better for the markets to have the VIX move up with a market pull back than for it to go drop extremely low and create a market blow off condition. Market blow offs have very ugly endings.

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages. I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

 

Back to homepage

Leave a comment

Leave a comment