Stock Market Caution ...
Stock-Markets / Volatility Jul 23, 2016 - 03:18 PM GMTBy: Marty_Chenard
Time goes on, but risk levels remain high ... here is why ...
Take a look at this 10 year chart of the VIX that we posted below and observe two things.
First, look at the fan lines which keep moving higher. (The VIX moves opposite to the stock market.)
Second, note the thick black support line at the bottom of the chart that starts in 2014.
What is there to observe?
That even though the VIX has been moving lower, it has not tested or hit this support line. It is close and about to, and that will be the big test ... so be careful.
By Marty Chenard
http://www.stocktiming.com/
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Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.
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