VIX Breaks Support

04/13/2009 3:54 pm EST


Thomas Aspray

, Professional Trader & Analyst

The VIX has dropped through the support in the 38 area as the trading range that has been in effect for 2009 has been resolved. This suggests it will move even lower, which should be positive for stocks. The 10/20 MAs have been negative since March 16th and are now declining more sharply.
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