The current VIX profile … volatility is increasing

TweetOn last week’s posting the VIX was 18.48 and yesterday it was 18.75 so it doesn’t look like much of a change. But … its fan lines keep getting breached and during the past week there was another breaching event. This constant breaching is saying that volatility is increasing along with Danger (high risk) levels. […]

The Banking Index remains in a high risk condition …

TweetThe Banking Index closed at 60.27 yesterday which was a fairly big drop from last week’s update. Its prior C-RSI DANGER-Level of -2.97 dropped to -12.75 yesterday.  The general market is oversold at this point.

The Banking Index after the Brexit vote.

TweetThe Banking Index (the BKX) is still showing a very high risk profile, especially after the approved Brexit vote. Last Monday we said: “The market will be about the Brexit vote this week, so be very careful.“ The downside pressure has increased with the CRSI coming in at a negative -8.04 last Friday.   The Fed […]

VIX in a high DANGER condition for the medium term.

TweetThe VIX closed at 18.48. This is still a high DANGER condition for the medium term.  (Remember that the market moves opposite to the VIX.)  No change in past comments: “The fan resistance lines continue to move further out. This could be an escalating problem developing, so be very careful and remember that the Brexit vote is […]

Is there a possible danger pattern that the VIX could develop?

TweetIs there a possible danger pattern that the VIX could develop? If you look at the VIX tick for the very end of March, then the April 20th. tick, and then yesterday’s tick you will see what could develop into an inverted Head & Shoulders pattern.  If that should happen (and we don’t get a […]

Will the VIX get into trouble?

TweetWill the VIX get into trouble? Do I see anything concerning about the VIX action during the past two months? Actually, yes.  If you look at today’s VIX chart, you will be able to see that the VIX has made higher/highs and higher/low since mid April.  Is there a problem with that?    Yes, because higher/highs […]

The Banking Index $BKX has a Major resistance coming …

TweetThe Banking Index closed at 68.63 with the C-RSI at a Caution-Positive level of +4.32.  The Accelerator had an upside bias.   The Timing Indicator was in positive territory with an up tick while the two month pattern was showing an expanding wedge. Note the up coming channel resistance that is coming soon.  Trying to pass this […]

Inflowing Liquidity conditions …

TweetInflowing Liquidity conditions … The Stock Market’s Inflowing Liquidity had an up tick in Lower-Q1 positive territory. (The Inflowing Liquidity is (and has) been challenging its up trend.) Note that the Inflowing Liquidity did briefly breach its support line last week, and it now has an up tick that should challenge its down trending resistance line […]

Is the VIX stable?

TweetIs the VIX stable? The VIX closed at 15.57 yesterday. Remain on the Cautious side as this could be end up being a DANGER condition. (Remember that the market moves opposite to the VIX.) The VIX’s fan resistance lines continue to move further out. This could be an escalating problem developing, so be very careful. (The VIX […]

The Banking Index is in a very high risk and Dangerous up condition

TweetThe Banking Index closed at 66.58 with the C-RSI at a Danger-Positive level of +0.31.  The Accelerator had an up tick in Mid-Q2 positive territory … this indicator is under very high stress because it is technically down trending. The Timing Indicator was in positive territory while down trending. The Banking Index was in a very […]