1:30pm (EST) The major indexes are down over 1% today as the effects of Japan’s earthquake and tsunami continue to weigh on Wall Street. The bears have managed to take out last Thursday’s lows and are eyeing the lower level targets we went over this morning. The biggest concern with
VIX Pops, Oil Drops
Bulls Looking to Rebound, HPQ Gives Weak Forecast
9:00am (EST) We knew Monday night when we were doing our option training video that the bulls were in for a rough outing on Tuesday. After 3-weeks of solid gains and a 3-day weekend, the “warning” signs were there for a pullback and yesterday the market got one as the bears
Bulls Look Lost As Bears Grab Momentum
9:00am (EST) The bears continued to pressure the bulls on Monday as a choppy session favored short-sellers into the close. Selling pressure intensified in the final hour of trading as all three of the major indexes ended the day in negative territory. There wasn’t much economic news yesterday and we mentioned the weakness
Market at 12-Year Lows, What Next?
The Dow fell over 4% Monday and you could tell by the opening bell that we were headed much lower. Once 7,000 failed, the Dow found some support at 6,800 and that was the battle line going into the closing bell. The big number with the S&P is 700 and
VIX Moving Higher
VIX Climbing Higher
Volatility Index (^VIX, 74.26, up 6.62) on a monthly basis now and for those of you new to the blog, the VIX is the CBOE Market Volatility Index that measures market sentiment. The market has had a lot of downward momentum and when the market goes down, the VIX goes
Is the VIX Headed to the 40's?
The Dow has fallen into negative territory once again after rallying over 200 points earlier this morning. Since its high of 11,800 at the beginning of the month, the Dow has fallen over 1,200 points with 800 of that coming this week. I’ve been mentioning the VIX (VIX, 37.74, up
Checking In On the VIX
The market has been on a roll and it’s been a while since I have mentioned the VIX (^VIX, 21.32, up 0.18). Those of you new to the blog, the VIX is the CBOE Market Volatility Index that measures market sentiment. The market appears to be building momentum and when