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Is a VIX below 11 bearish for the market?

Many market pundits have pointed out the low VIX over the past weeks, with the last three days even below 11, as a reason of a pending (large) market correction because traders and investors are supposedly “complacent”, and “without fear”. But, is that the correct assessment? We think it is not. Why? The VIX is…

S&P500: 2300 is on tap. We are back January 23

Thanks for checking out our website, but we are currently traveling to the far corners of the world (see travel itinerary below), and will be back January 23. In the mean time, we expect the S&P500 to reach SPX2295-2310, possible 2325 (only on a move >2311) before correcting ~50p. Over SPX2326 and SPX2355 is on…

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S&P500: Forecasting the next move(s)

In last week’s “weekly digest” for our premium members, we forecasted “We see an ideal … top at SPX2174-2188, followed by a drop to SPX2250-2235 (likely the high end of the range) for … before the market continues to melt up to SPX2300 from which a somewhat larger correction (50p) should occur.” We provided the…