After the morning gap close on the housing report, cumulative tick and the advance - decline line turned on a dime and exploded higher. However, thus far price hasn't been able to do much with that and the SPY remains relatively flat-lined just above its green VWAP. Perhaps we'll have a stronger second half of the day. That said, usually not good to see both price and the VIX rise, which is exactly what we are seeing. I probably don't need to mention it, but volume is the lowest in over a month - so anything goes really. Meanwhile, all eyes in the trading room remain on SPX 1121.
Jeff Pietsch is a registered investment adviser in the State of Washington. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
This blog is for educational purposes only, and nothing herein should be construed as an offer to buy or sell, or as a solicitation of an offer to buy or sell securities, or to provide individual investment advice. Investing is risky and past performance, whether actual or tested, is no guarantee of future results. The author neither endorses nor warrants the content of this site, any embedded advertisement, or any linked resource. The author or his managed funds may hold either long or short positions in the referenced securities. Republication rights must be expressly granted by author in writing. Astrices (*) indicate a compensated hyperlink or product reference. Author is the sole owner of the "ETF Rewind," shares in the proceeds of "DV_indicators", and may exchange services in-kind with participant contributors.