Watch The Volatility Index This Week

By: Marty Chenard | Mon, Feb 25, 2013
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Don't forget to include the VIX among your indicator tools this week. The VIX is important because it is an options related reflection of the market expectations over the next 30 day period.

Below is one of the VIX charts that we post daily. Pay particular attention to the rising fan lines on the chart and note that they are rising higher over time.

For this week, the more important focus should be the 17.88 gap level. Gaps don't always get closed, but more often then not, they do get closed.

If we close the 17.88 gap this week, there will be a market pull back tied to it. But, if we move above the current fan line seen on the chart, then the market will go into a more serious correction.

S&P 500 Index and VIX (Volatility Index)

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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