Yesterday’s 1%+ down day in the SPX was the first in more than a month, and only the 5th such day since July 1st. The VIX closed at its highest level since mid-October, despite the …
Continue readingJan Feb
We posted our thoughts about YELP in our CotD post on Thursday, where we noted its first convincing break of the 50 day moving average in many months: YELP is another huge momentum winner in …
Continue reading
For the second straight week, the S&P 500 is essentially flat, and VIX Futures have declined across all of the maturities as a result. Interestingly, that across-the-board decline has occurred despite yesterday’s large move lower. …
Continue reading
Over the last week, the S&P 500 has basically been flat. In that period, VIX spot has actually moved slightly higher, finding something of a floor in the 12.50-13.00 area. In the meantime, VIX front-month …
Continue reading
We discussed the VIX this week in length in our CotD post from Tuesday. The key takeaway: With no upside resistance for the SPX index, volatility is liable to increase in both directions. Regardless, with …
Continue reading
VIX spot has behaved similarly in the past week to the two prior instances in the past year when it briefly moved above 20 – a rapid, relentless move lower to the 12-13 area: The …
Continue reading
Possibly my favorite trading book that I’ve ever read is this gem by G.C. Selden, first published in 1912. Selden was a trader on Wall Street who studied behavior and psychology to a greater extent …
Continue reading