Could Oil Prices Intensify a Pending S&P500 Selloff?
Last week we received reports that the unemployment rate in the United States was improving markedly. In addition, sentiment numbers were released that confirmed my previous speculation that market...
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GOOG Has Topped
GOOG fell over 4% today confirming a wave B top of a very large flat correction that began January 19, 2011. The target is below the wave A low of 473.02, possibly down to 450, but it should not fall...
View ArticleThree New Risk Control ETFs from Direxion
Today Direxion announced they have launched three ETFs whose intent is to match their exposure to an underlying equity index based upon current levels of market volatility. The new ETFs are as follows:...
View ArticleVIX Has Smallest Intraday Range Ever!
If ever there was a day to be short the volatility of volatility, it was today. In fact, today established a new record for the smallest (in percentage terms) intraday range for the VIX, a mere 1.14%....
View ArticleContrarian Of Contrarians
Some measures of sentiment are beginning to move toward optimistic extremes, but the overall evidence points to bearish to neutral sentiment at present. While some analysts and advisors are starting...
View ArticleVarious Perspectives
The market has arrived at a critical juncture. The SP500 has stalled at critical resistance around 1295, the April and July 2011 swing lows. These resistance levels have been tested before, so they...
View ArticleComparing SPLV and VQT
Based on some of the questions and comments that came out of Wednesday’s Three New Risk Control ETFs from Direxion, there appears to be a significant portion of the investment community that is...
View ArticleFive Years of VIX and More
One week ago marked five years since my first post at VIX and More. Since this anniversary fell just after my Top Posts of 2011 entry, it seemed like another retrospective look at the blog might be one...
View ArticleA Bullish Perspective
Tom McClellan and the Ratio-Adjusted Summation Index Tom McClellan has written an article in support of the continuation of the rally which has technical significance. He suggests that the current move...
View ArticleThe Dollar, Weak Earnings Indicate A Top is Near for the S&P 500
A wise man proportions his belief to the evidence. ~ David Hume ~ Earnings season is now upon us and so far the only major earnings component that has been released is the J.P. Morgan earnings report...
View ArticleSolidly Above Resistance
It’s time for the various viewpoints to put up or shut up. The SP500 closed solidly above resistance today while the Qs are only 34c away from an 11 year high. The squeeze long signals that triggered...
View ArticleVIX Views
Yesterday, I learned that the people at S&P 500 Indices and the CBOE have collaborated on a new blog with the name of VIX Views. The best news about VIX Views is the high quality of contributors...
View ArticleSentiment Has Reached An Extreme Level
Sentiment as measured by the equities only put/call ratio has reached an extreme. This doesn’t mean that a top will follow immediately. A decline could start tomorrow or in 2 to 4 weeks. However,...
View ArticleRally Continues
There is no evidence other than extreme sentiment readings that an end to the rally is near. Momentum remains positive, and AAPL’s results will only help tomorrow. It looks like the Qs could very...
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Pullback Imminent
The SP500 has stalled at the median line for the rally for the second time since the rally began in November. Short-term momentum is rolling over with short-term sentiment at extreme bullish readings....
View ArticleHow Can the VIX Be 14 and Lower than VIN and VIF?
Many novice and advanced VIX followers are scratching their heads today, wondering why the VIX is down more than 5%, hovering around the 14.00 level, when the SPX is down 0.4% and all the major market...
View ArticleVolatility During Crises
[The following first appeared in the August 2011 edition of Expiring Monthly: The Option Traders Journal. I thought I would share it because it might help some readers put the current fiscal cliff...
View ArticleThe VIX, Interpolation and the Roll
Almost every month, some subset of the class of investors and journalists expresses extreme alarm when the VIX magically plummets on the Monday before the standard monthly options expiration that...
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