What Does The VIX Say?

Six years ago we all wondered “What Does the Fox Say?” (by Ylvis). Now it is time to wonder “What Does the VIX say?” Well, a look at the VIX daily chart shows an interesting pattern. First, there’s a (much) higher high last week compared to mid-April, while the S&P500 is marginally higher (black arrows).…

Market Update: Free Premium Weekly Market Digest

Over the past weeks I’ve updated you on my view of the “State of the US major market indices”, see here, here and here, and how the recent technical breakout was to be interpreted as Bullish until we’d see a move below breakout levels. That move down has yet to materialize and when assessing the current state of…

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…