Weekly Chart Of VIX Gives Bullish Clues For Stock Market
By J Clinton Hill on January 2, 2009 | More Posts By J Clinton Hill | Author's Website
On Wednesday the VIX (^VIX) (Volatility Index) finally broke below 40. While the indicator remains at a historically high level, technical analysis of its weekly chart (see below) shows a potential setup for future bullish action in stocks.
What would really help the intermediate outlook for equities would be a break below the 30-35 support levels. If this were to occur, then the probability of a 20-handle increases as there is not much support until @ 27 and @ 22 price areas.
If you like this article please...
Leave A Comment :
Recent Market Opinions:
Month To Date Market Review
Stock Picks For Monday: Citigroup, JDS Uniphase And General Electric
US Unemployment Rate Troubling, But …
S&P 500: Market Is Strong, But Correction Should Continue
Doctor Up Your Portfolio With This Medical Communications Company
Recent News:
Macedonia’s Jan.-Sept. Trade Deficit At US$1.61 Bln - 1 day ago
Natural Gas Prices Extend Two-Month Low - 1 day ago
Stocks Finish Modestly Higher Despite Weak Jobs Report - U.S. Commentary - 1 day ago
Treasury Economist: Unemployment Numbers Disappointing But Not Unexpected - 1 day ago
Consumer Credit Fell By $14.8 Bln In September - 1 day ago
Opinions From Our Contributors


