The important thing is at what level the VIX closes today.

TweetThe VIX is the Volatility Index.    The VIX is likely to be volatile today … a volatile volatility index? The important thing is at what level the VIX closes today.  We do not want to see the VIX close above 23.05 today. There are 2 VIX charts posted below. The first is a close up, and […]

The Dow Jones Transportation Index …

TweetThe Dow Jones Transportation Index … Is it all about trust now? The Market had a big up day yesterday, and the Dow Jones Transportation Index closed above its resistance line. Everything looks like roses?    What about the fact that we did not even have the election yet and no one knows what will happen […]

What are the 5 key Indexes saying now?

TweetOn the chart posted below … The Institutional Index, the SPY, and the NDX./QQQ, were above their horizontal resistance/support lines.  (The current down trending on these indexes is not a good thing to see.) The IWM was below its thick black resistance line. The NYA was below its thick black horizontal resistance line. Is there […]

Are Institutional Investors Buying or Selling?

TweetAre Institutional Investors Buying or Selling? The fairly good news was that the was a smaller up tick yesterday.   The bad news is that Institutional Investors were in a trend of selling and have been since October 26th. as seen by the vertical red line on today’s chart below. ___________________________________________

The VIX posture now is …

TweetYesterday, the VIX had an up tick and it was in a low negative condition where the big worry is if the VIX closes above thick black and dotted black line on the chart below. There are 2 VIX charts posted below. The first is a close up, and the second is a long term picture. […]

A critical test for the Dow Jones Transportation Index ..

TweetThe Dow Jones Transportation Index … I will show the current Dow Jones Transportation index again due to its importance to the Dow Theory. The issue is that the Transportation index has not been able to make it past a critical resistance level yet. The index should retest that level again.  That is the current […]

What are the 5 key indexes doing now?

TweetOn the chart posted below … The Institutional Index, the SPY, and the NDX./QQQ, were above their horizontal resistance/support lines. The IWM was below its thick black resistance line. The NYA was below its thick black horizontal resistance line. The IWM (the ETF for the Russell 2000) is the concern now.  This is the weak […]

The Banking Index ($BKX) …

TweetThe Banking Index ($BKX) … The Banking Index closed at 75.10 and with the 30 day C-RSI at a positive level of +12.04.   Sounds good except for the serious levels some of the other indexes are at.  My recommendation?  Be extra cautious and extra careful at this juncture. (Investors should keep an eye on […]

The VIX … An important test day.

TweetYesterday, the VIX had a small up tick and it was technically in a neutral condition meaning that it could flip in either direction and today will therefore be an important test day. There are 2 VIX charts posted below. The first is a close up, and the second is a long term picture. ___________________________________________

The Dow Jones Transportation Index Test …

TweetThe Dow Jones Transportation Index Test … I have to show the Dow Jones Transportation index again.   The reason why is because the index has not been able to make it past a critical resistance level yet. The index should retest that level again.  That is the current test that is still going on, so […]