Let's look at where the Vix is today after that post.Here is a YTD chart of the VIX:
As you can see we are reaching complacency levels and it is the time to be careful in your stock selection.
Another look at the 10 year chart:
Complacency yes...but still not quite thereThe McCellan is showing that the index has some more to go on the downside and we are not below my green line again.
So we will be here on the index for some more time...maybe flat to up but no major downside anytime soon.
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But the McCellan itself is overbought isn't it?
http://stockcharts.com/h-sc/ui?s=$nymo
A reading above 70 will make it overbought. Currently at 46.
Viren,
That's why I said a little more room on the upside to run.
But the NYMO is an extremely good indicator to watch.Infact it gave a positive divergence at 1046 levels.
Sir the vix chart is uptill 1.7.10, cud you please post latest , thanks
Baron,
19.94 is the close as of last night's US session.
Baron,
the second ten year chart is as of yesterday's close.
thanks
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