It is early, but tech is beginning to lag. This is taking place even as the Fed is getting ready to begin an easing cycle. Historically, stocks tend to rally into this and then head lower. Tech is beginning to … Continued
Until 8:30 Friday morning, the consensus firmed believed in Goldilocks. July’s weaker-than-expected jobs report quickly changed this into heightened odds of a recession. How this shakes out in the sessions ahead will be telling. If the bulls are still in … Continued
Bears are making a killing. Stocks have come under renewed selling pressure. The S&P 500 is very close to losing 20 percent on a closing basis. Amidst this, fresh from a 50-basis-point emergency cut of last week, the FOMC meets … Continued
The S&P 500 is within striking distance of a new high, even as margin debt is substantially below last May’s record high. Concurrently, unlike in the past, VIX refuses to sustainably drop to high single digits/low double digits. Margin debt … Continued
Volatility is creating a lot of buzz these days. There is none of it – both implied and actual. Bulls are hurting. Year-to-date, UVXY (ProShares ultra VIX short-term futures ETF) is down 71.6 percent, and VXX (iPath S&P 500 VIX … Continued
An argument can be made that spot VIX is in the middle of a saucer formation – also known as a rounding bottom. Chart 1 shows prior two such formations – one in the ‘90s and the other in the … Continued
Sellers take advantage of early-morning strength to sell more stocks Amidst this, transports, high-yields draw buyers; panic noticed in VIX:VXV action Trade could be developing, but given developments in energy space, sustained rally not probable Another ugly day! Could have … Continued
VIX looks to be setting up to move higher near-term Medium-term technicals halfway through unwinding overbought conditions Long-term, potentially saucer bottom in making, could be headed a lot higher in months to come Last Friday, even as all the major … Continued