One minutes before the early closing bell at 1 PM EST on Friday, 11/24/17, the day after Thanksgiving, the
bottom falls out of volatility. At 12:59 PM, the VIX flash crashes -12% from
9.68 to 8.56 an all-time record low. One minute later, the VIX rocket launches
skyward directly back to 9.68 then price staggers sideways ending at 9.65.
Trading volume in the VXX ETF spikes hugely higher (novice traders should not
play volatility ETF’s or any 3x ETF’s since they will only take your money).
VXX ends the session at 31.64.
This is a significant event in market history occurring in
real-time. The VIX volatility fear gauge prints the lowest number ever at 8.56.
The market behavior is becoming scary.
VIX ends the week at 9.65. The VIX prints an all-time low today at 8.56; an
8-handle! The global central bankers maintain their jackboots on the throat of
volatility and voila; stocks move higher forever. Central bankers are holding
their heads in their hands asking each other, “what have we done?” Chart is courtesy of Big Charts and annotated by Keystone. 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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.