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$$ VIX Up 20% = Up Day Tomorrow

February 04th, 2010 Comments(0) tagged and

Major markets sold off today, with the VIX (CBOE Volatility Index) up more than 20%. From a historical and statistical perspective, when the VIX surged 20% or more on a single session in the past, the market regularly turned around the then following session recovering at least a part of it’s previous session’s losses.

Source and more info: Trading the Odds

$VIX Chart, May 22nd

May 22nd, 2009 Comments(0) tagged and

So… $VIX is coming alive.

I think it can at least make it to $39-40:

  • previously strong support, now resistance
  • 50% retracement since the start of the rally back in March
  • 110 EMA — it’s not as an arbitrary number as it seems, too lazy to pull up evidence at the moment

$VIX is “playable” via futures, options or (VXX: 23.9869 0.00%).

Last time $VIX was at $40, $SPX was around 850.

may22_vix