VIX Turns Higher

01/21/2009 12:43 pm EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

chart

The daily chart of the VIX shows that the ten- and 20-day moving averages have turned positive after being negative since early December. This indicates an increase in volatility and fear, which is negative for the stock market. It will take a very sharp market rebound to reverse this new trend.

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