The 4-month regression channel for the VIX continues its slow and steady decline from the uncertainty of the approaching Nov ’20 elections. But since the intrinsic nature of the Stock Market is to move up, a VIX closer to 15% or below will have an innate tendency to rise. As a one-month forward-looking volatility matrix, it is not designed to tell us which direction the market will be going, but more of how fast it can get there.Ī VIX of 15% is assumed to be a market at rest. It is thought to be driven by the Marketeers’ current level of greed or fear. The VIX is an emotion-gauge for the general investing population. The one-week deviation saw a little bump to 1.4 from last week’s 1.0. VIX 9-Day SMA dipped a little last week to 22.8% from 23.5% last week.
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