VIX Resumes Downtrend

07/15/2009 1:37 pm EST


Thomas Aspray

, Professional Trader & Analyst

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The VIX broke its daily downtrend last week, giving some bears hope, but the ten- and 20-day MAs were negative at that time. This indicated that it would take a week or more before the MAs could turn positive. The drop this week is a positive for stocks. The bullish action in the A/D numbers on Monday (July 13) appears to have been on target.

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