VIX attempts to measure the expected 30 day volatility of the SPX by averaging the weighted prices of SPX puts and calls over a wide range of strike prices. Financial journalists…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 As we frequently note volatility is mean reverting. Friday it reverted in a major way. http://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=6&dy=0&id=p34770779486 There has been extraordinary anxiety in the marketplace. This derives in part…
http://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=3&dy=0&id=p61658225390 In five days the VIX exploded more than 50%, from below 13 to above 21. Turbulence of this sort generally presages more unpleasantness for those who are not hedged,…
http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=1&mn=0&dy=0&id=p71514206946&a=350515648 Obviously we are having a breakout day with the SPX up -- at one point -- 17 points. The Dow up about 150. We joined the buying panic…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 Well, maybe it was a flag. It's acting more like it now. You know -- for a flag you have to have a flag pole. that usually means…
