VIX and MDY

By -

Just a couple of quick observations. First, VIX is showing that complacency has utterly taken hold. We are at the same levels seem ten years ago. We are nearly 75% off the highs on the VIX seen last autumn. What a plunge!

0716-vix

The market today is quiet and mixed compared to the rest of the week. Looking at the MDY, I would still say things are vulnerable, so I haven't found any great bullish opportunities. I'm laying pretty low right now, and nursing my wounds from earlier in the week.

0716-mdy

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