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#1 OEXCHAOS

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Posted 30 May 2018 - 08:31 AM

RelVIX05-29-18.gif


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#2 12SPX

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Posted 30 May 2018 - 09:49 AM

And there she goes, quite the pop, think there was a little to much bearishness!



#3 SemiBizz

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Posted 30 May 2018 - 11:12 AM

We just need a few more suckers, er - I mean bulls here...

 

Europe's problems didn't go away today...

 

Classic Month End Mark Up...

 

They set up the risk/reward for long into the end of the month yesterday...

 

Friday's employment #s will be sold, they are taking the mark up in advance here,

 

down into mid-June


Edited by SemiBizz, 30 May 2018 - 11:13 AM.

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#4 Data

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Posted 30 May 2018 - 11:26 AM

The FANGs were up yesterday and sharply into the close by 2 points in the last hour.  They comprise a good percentage of the market's capitalization.



#5 trioderob

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Posted 30 May 2018 - 11:30 AM

$ trin was at 2 yesterday - classic bounce today



#6 gm_general

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Posted 30 May 2018 - 01:32 PM

A low relative VIX is bullish - for the VIX. Low would be .60-.75 or so. High meaning buy stocks has traditionally been over 1.7. Its around 1 now which I think is inconclusive. I did a study of relative VIX (which I used to swear by) and I found no reliable correlation.

 

But the current VIX trend lines, those are of interest. In the chart below the main line of interest is a declining one that used to be a line of resistance, when it was broken to the upside, we got the market dump. Now it is a line of support as you can see. 

 

Also of interest are the MACD trend lines, we now seem to be paying attention to the long parallel lines. Before it was a set of converging lines.

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  • vix_20180530_small.jpg


#7 Data

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Posted 30 May 2018 - 01:44 PM

Or the VIX is about 10 points above actual volatility or 3-4 standard deviations outside the bands.



#8 TradeMark

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Posted 30 May 2018 - 02:58 PM

Mark Y, could you define relative vix?  Relative to what?

 

thanks

TM



#9 tsharp

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Posted 30 May 2018 - 03:52 PM

Mark's observation seem to align with my call for much higher prices from here... just saying.

 

Small caps leading the way... RUT weekly making new ATHs again.

 

RUT_W_5.30.18-2.jpg

 

Link to chart:  https://postimg.cc/image/rjx834mg9/

 

SPX hourly:

 

SPX_60_5.30.18.jpg

 

Link to chart:  https://postimg.cc/image/6zse4nm4p/

 

Clue from this morning's insta update:

 

SP00_60_5.30.18-2.jpg

 

Link to chart:  https://postimg.cc/image/4igmxf4t5/



#10 OEXCHAOS

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Posted 30 May 2018 - 04:19 PM

Mark Y, could you define relative vix?  Relative to what?

 

thanks

TM

 

Relative to it's own 200-day SMA. It's an old indicator. It's one of those things that doesn't give a signal for a coon's age, and then it does. For what it's worth, I've done well with it, in context with other indicators. A relatively high VIX is motive to rally the market, unless we're in a complete panic.

 

M


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