Thursday, September 18, 2008

VIX Spikes to 38.32

Moments ago the VIX spiked to 38.32, the highest VIX level recorded in the past six years surpassing the 37.57 VIX spike back on January 22nd.

With the weekend coming up and so much uncertainty in the markets, I am concerned that we may still be several sessions away from a Brunhilde Day. On the other hand, a strong finish today on impressive volume and lots of breadth would help to make the case for an intermediate-term bottom.

Posted by Bill Luby at 8:28 AM

Labels: ,

2 comments:

Anonymous said...

IMHO, running theory so far is that with $VXN at intraday highs with $VIX-$TYX (I like $TYX v. $IRX) non-confirming, that's a positive divergence.

corporate/high-yield bonds (LQD/HYG as a proxy) are key. Stabilization/rise = return of risk appetite.

September 18, 2008 at 9:14 AM
Alex said...

looks like the july 2002 rout to me

September 18, 2008 at 10:02 AM

Post a Comment

Subscribe to: Post Comments (Atom)
DISCLAIMER: "VIX®" is a trademark of Chicago Board Options Exchange, Incorporated. Chicago Board Options Exchange, Incorporated is not affiliated with this website or this website's owner's or operators. CBOE assumes no responsibility for the accuracy or completeness or any other aspect of any content posted on this website by its operator or any third party. All content on this site is provided for informational and entertainment purposes only and is not intended as advice to buy or sell any securities. Stocks are difficult to trade; options are even harder. When it comes to VIX derivatives, don't fall into the trap of thinking that just because you can ride a horse, you can ride an alligator. Please do your own homework and accept full responsibility for any investment decisions you make. No content on this site can be used for commercial purposes without the prior written permission of the author. Copyright © 2007-2023 Bill Luby. All rights reserved.
 
Web Analytics