Watch the VIX Again Today

By: Marty Chenard | Tue, Feb 4, 2014
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If you recall, we posted a "Watch the VIX today" warning last Tuesday.

Here we are a week later and the VIX went up to 21.44 yesterday. Remember that the VIX is also referred to as the Fear Index, so a higher VIX is associated with a lower stock market.

What should you watch now?

If you note today's chart, there is a resistance level at 21.91 that needs to hold. A close above that could expose the market to an old projection level of 28.6. Anything is possible, but I expect the 28.6 level to be reached later and not now.

VIX (Volatility Index) Chart

 

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Marty Chenard

Author: Marty Chenard

Marty Chenard
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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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