VIX declining rapidly - now down 4.66 at 54.25 As volatility goes down with market rallies, VIX could go below 50 when markets top out
Isn't it disingenous to call it "volatility" index? The market is pretty damn volatile on the way up too, if you haven't noticed lately.
remember guys, these are the shitty up move that occur after tanks, anyone remember the up move after the DB earlier this year?
How does it feel when price comes 1-tick shy of your stop? Do you feel lucky or do you feel more like an idiot? Little bit of both, I s'pose. In the meantime, I'm moving the stop from 906.50 to 906.75.
If another sideway day, we will track back to open. Edit: Without shocking news, mkt tends to drift up during this holiday season ...
VIX moves inverse to market. Yeah, it's volatile on the way up (more like chop chop chop chinese water torture.... pullback, retrace...) but I am sure you observed the sharper and at times violent action in down moves. Current rally has been on for a week? and still not 100 SPX points from 817; in a down market woudl have already dropped SPX 150 points. I prefer trading bear markets.