Tuesday, February 17, 2009

VIX Spikes Over 50 as SPX Drops Below 800

VIX at 50.04 with SPX at 798.

The VIX hasn’t been over 50 since January 23rd.

It will be interesting to see what the SPX does for support today now that the 800 level is taken out.

Internally, the financials are the main culprit in the early going, as technology and small cap stocks have already started to rally.

1 comments:

Anonymous said...

The DJX traded within 105 points of its fifty-two week low this morning and is likely to trade to a new fifty-two week low. Based on this scenario, the SPX is likely to trade further below 800. A spike and new fifty-two week low in the DJX corresponding with a spike high in the VIX may signal a short-term buy signal.

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