As I am writing this, the S&P 500 is down 20 points in the pre-market, looking to extend its losses from Friday. In order to navigate this weeks markets, I am going to lay out a few scenarios that I see happening tomorrow and how to play each. While it is hard to make a prediction for how long the selling will last, given that this is such a shock to markets and we have only seen one day of trading post Brexit, I will give a few trades that I will be watching, both short and longer term.
Tag Archives: VIX
Friday Focus: The Size of the Wick Matters
Yesterdays strong reversal off the morning lows may very well have marked a low for this market. Not a generational low. But one that could lead to higher prices into the summer. Why? Because the size of a wick matters and yesterday's price rejection offered a wonderfully sized wick at the closing bell.
Morning Quickie
VIX Slapped
The Fix is In? Better yet the VIX is in? I covered this topic over three years ago: The FIX is IN
This mornings massive Spike off the morning lows brought with it such a vigor and a confidence that had me scanning for news. Was there another Russian Jet shot down? That spiked stock futures. Had a another Ebola patient toured NYC bowling halls and night clubs. Perhaps a thimble size country had decided, without warning, to take 30% of its residents savings?