As we approach what promises to be a dynamic trading week, let’s take a look at the VIX:
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Naming the Beast
It seems to me that for every one owner of a Tesla electric car, there are about 2,000 “investors” who trade the thing. This reached a new apex of absurdity a few days ago when a little-known research firm trotted out a target price for TSLA at, conveniently, a trillion dollar market cap. The intended result played out as you might expect.
Perspective on the Long-Term Gold CoT
Because it’s so important to see this correctly and not pretend we (well, I) know more than we (I) actually do I find it important to look at pictorial representations of history and think about them when I get some quiet time (ha ha ha, like not on Twitter, not reading financial/gold websites and most certainly not watching TeeVee finance and news).
So I am thinking about the Commitments of Traders alignment with respect to the gold price once again. That would be the same CoT that has doggedly hung a poor risk vs. reward sign out over the sector from a sentiment standpoint since the summer.
(more…)Higher High
The very first chart I did this weekend, out of the 61 charts I showed in the videos, was the VIX. I made the point that what we’d want to see is a cessation of the “lower highs” that had been plaguing the volatility index for so long. Well, we got it.
Mortar & Pestle
I’ve been in the markets since 1987. I thought the market was strange in 1999. I thought it was odd in 2007. But nothing – – nothing! – – comes even close to what we’re going through now. It’s like I’ve met people who were 2’3″ and 1’9″ and then met someone who was four micrometers high. There’s no comparison.
And thus, we’ve seen volatility pounded and pounded and pounded until it is at 11. And why not? Even the most empty-headed simpleton realizes that the Federal Reserve is directly pushing the market up every day, and Dow 30,000 is clearly in their sights. It makes great press. So here’s the sad state of the VIX:
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