Another named calamity ready to bestow a massive correction in stock prices has come and offered yet another reason why every named sell-off since the March 2009 lows has been a great buying opportunity. The Brexit Breakout, the most recent named sell-off has launched the S&P500 above its long term consolidation range and to new record highs.
Tag Archives: VIX
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Morning Outlook
The market continued it strong rally from Monday's lows, with the VIX yet again leading the way. Perhaps more importantly the financials are picking up some momentum. Yesterdays stress test and subsequent share buyback announcements should continue to put a bid under financials, which in turn should help keep the overall market moving higher.
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Morning Perspective
Tuesday Market Thoughts
Daily Recap: Analyzing Today’s Gap Down & Trades for Tomorrow
After the gap down this morning there was not that much action in the market. Financials were the worst hit today while tech was modestly down, with each name in FANG down around a couple percentage points. Even though the VIX was flat today, despite the 2% down move in the S&P, option premiums were very expensive the whole day, leaving me unable to buy any premium.
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