

The Qs finished just pennies off the open after a relatively low volatility day. We are currently mid-signal with no clear direction.
The VIX had a 7% range day and finished 1.01 below the open.
Neither the TICK nor the NYAD showed much enthusiasm today, so it was difficult to find good trading candidates. Today was also curious in that the VIX was down, along with the IWM, $DJII, $SPX and $COMPX (not expected), while the Qs, the DIA and the SPY were all UP.
I welcome any thoughts on explaining this market-wide divergence.
1 comment:
Stocktiming.com tried to come up with an explanation for it here:
http://www.stocktiming.com/Thursday-DailyMarketUpdate.htm , not very convincing, my own thoughts are that the VIX is moving in the same direction with the market, at times, as I believe the big boys are hedging their positions just in case, IE the market goes up, they hedge a little more, whad ever.
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