Thursday, June 23, 2016

SKEW Index Weekly Chart

The SKEW is venturing to levels where prior market highs were identified. The SKEW is a useful intermediate-term tool. The red circles show stock market highs and the green circles are stock market bottoms. Looking at the red circles at or above the red line, the selloffs were 60 SPX points, 125 points, 80 points and 220 points. The average is a 121 point loss in the S&P 500. Throwing out the largest and smallest is an average of a 102 point drop in the SPX. 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.

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