VIX Rallies to 10 Day Moving Average
The VIX has rallied right up to the 10 day simple moving average (63.90) today and appears to be hitting some resistance in that area.
Traditional VIXology says that the VIX and SPX should be in a neutral zone when the VIX is near the 10 day SMA.
It will be interesting to see if the remaining bulls are willing to step in at current levels.
2 comments:
The DJIA and SPX 500 indexes recorded their largest two day percentage decreases since October 1987. Sixty-four percent of the 1449 DJIA and 157 SPX 500 point increases that occurred between October 28th and November 4th were eliminated in two trading days. Long-term stock market history will be made IF the U.S. stock markets react negatively to the October employment statistics.
We are ultra sensitive to everything in the last few months.
Hedge-fund competition has never been so strong in history, and somehow market (volatility) reflects that.
Amazing times.
Post a Comment