VIX Range Bound

02/09/2009 1:34 pm EST

Focus: OPTIONS

Thomas Aspray

, Professional Trader & Analyst

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More sideways action in the VIX has caused the moving averages (MAs) to turn back to negative. This may be projecting that the VIX could move lower. This would be positive for stocks, but until we see a breakout of the 38-57 trading range, more choppy trading should be expected.

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