VIX Volatility Daily Chart; VIX Prints 10-Handle

As this is typed, minutes ago, the VIX prints a 10-handle at 10.99. The stock market bulls throw confetti and line up to buy stocks with both fists. Volatility drops so US futures pop with the S&P up +6 before the Tuesday trade. The VIX is down to levels not seen since the euphoric high in the stock market in late January. Of course that ended with a big flush lower in stocks and the fear and panic was evidenced by the spike in the VIX to 50.

The firm stock market bottom in April began as the hand-wringing, angst, fear and worry was elevated with the VIX at 22-27. The rally over the last six weeks began with a tinge of fear and panic with the VIX a hair away from 20 in late June.

Price is below the 20-day MA that is below the 50-day MA below the 200-day MA and will need a mean reversion higher going forward. Market bears got nothing until the VIX moves above the key 200-day MA at 14.43, one of Keystone's important short-term market signals.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.