A Bottom in the VIX?

02/04/2010 2:26 pm EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

Two weeks ago, we looked at the VIX and concluded that there was no convincing technical evidence of a bottom. That was just a few days after the highs, and quite a bit has changed since, with heavy selling again today erasing the gains from early in the week. The ten- and 20-day MAs have recently turned positive and the VIX is likely to break out of its channel today as it is up 3.7 at midday. An established uptrend in the VIX would be negative for the stock market.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STRATEGIES

Keyword Image
Out Like a Lamb
6 hours ago

The position of planets as they relate to when a market first began trading can provide clues to tre...