Thursday, November 19, 2015

VIX Volatilty Daily Chart

The market bears have been beaten with Fed Chair Yellen's baseball bat over the last few days especially yesterday. The VIX fell under VIX 18.30 a key bull-bear level identified by the Keybot the Quant algorithm yesterday and that ignited a huge upside stock rally. However, the market bears are not throwing in the towel just yet. The VIX 200-day MA is another key important bul-bear line you can use to gauge if the stock market is in a near-term bull pattern or bear pattern.

The VIX is at 16.88 above the 200-day MA at 16.29 so the bears are happy and trying to send volatility higher especially above 18.30 which would create extensive market selling. The market bulls only need a few pennies lower, to push under 16.29 and goblets of Fed wine and ECB champagne will be raised in honor of the central banker market makers that will be sending stocks far higher.

The fight continues at VIX 16.29; this tells you everything you need to know about market direction today. Watch it like a  hawk. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 10:54 AM: VIX 17.07. The beaten-up bears smile.

Note Added 9:50 AM EST on Friday Morning, 11/20/15: The bears are punched in the face as the VIX plummets to 16.10 after the opening bell. The VIX falls under the 200-day MA at 16.29 stabbing the bears in the heart. The lower volatility and loss of the 200-day creates today's equity rally. Market bears need the VIX above 16.29 or they got nothing. Bulls toast the central bankers with Fed wine and ECB champagne, the goblets are filled to the brim.

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