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VIX January 6th, 2023
This consistent rejection at lower points of resistance, since filling the gap above on December 22nd is telling me that bulls are starting to gain some traction going into this new year.
VIX October 20th, 2022
Indication of a bottom for the stock market? What some may have missed with the major indexes closing red, is that the VIX closed red.
More importantly it closed under the 20 day average. That’s the 1st time it’s done so since September 9th, 2022 I see this as bullish for the market, based on probability.
VIX August 19th, 2022
Caution Market has rallied considerably higher now and may be overextended at this point.
VIX June 24th, 2022
The VIX has been consistently singling bearish for some time. This signal in itself is not the all in all, but it does help better confirm the more bullish move that I’m seeing on several stocks (setting up) recently
The VIX has not been a useful indicator (in any way) to get a read on the market for several month so it’s therefor not been updated until now. I suggest to continue to focus on the individual stocks and/or major indexes to guide you on your trades.
This simple setup worked nicely indeed. See chart just below for the setup prior to this.
This failed breakout attempt on the VIX gave us all the more confidence in our long positions this week.
The overall market hasn’t been all that exciting today …yet this index continues to show that fear is lessening and is bullish for stocks.
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