8 Feb 2021

VIX Craters Last Week, Landing On Low-20s Support, Breach Of Which Can Bring More Good News For Equity Bulls

by | posted in: Derivatives, Economy, Equities, Technicals | 0

Reversing the prior week’s weakness, major US equity indices put up strong performance last week. The S&P 500, for instance, defended a rising trend line from last March. VIX collapsed, landing on low-20s, a breach of which opens the door … Continued

10 Jun 2020

On The Back Of Fed Backstop, Investor Sentiment Ebullient; Bulls Risk Losing Momentum To Bears

by | posted in: Derivatives, Economy, Equities | 0

Major US equity indices continue their two-and-a-half-month momentum.  Short squeeze helped.  As did the Fed backstop.  On an FOMC day, Chair Powell’s body language is worth a listen.  For equity bulls, there is this thing called the law of gravity. … Continued