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Wednesday, June 17, 2009

06/17/2009 After Bell Quick Summary

Today’s story is VIX. It dropped along with the SPX. From the chart bellow, RECENTLY whenever this kind of thing happened the next day seemed to close in green more likely. Well, don’t read too much into this as statistics on a longer history, “both SPX and VIX dropped on the same day” doesn’t seem to mean an up day next day.


Besides this, I don’t see other short-term edges for either bulls or bears tomorrow.


  1. Very nice work.
    Any change today spx close below 934.35
    Below 935 I expect [880,893] very short term.
    Below 957 I expect [790,820] medium term.
    If spx close hourly above 928 I have to reduce some short.
    Can see table of traders at the end of the blog.
    Click to zoom in.

  2. Cobra,

    VIX and the market goes in opposite cycles, what you are describing is the turning points of the two opposite cycles. There are correlated reversely. That is why the big reaction the next day. There are exceptions because of extended cycles. Today is the end of the VIX up cycle and end of the SPX down cycle, therefore, both could be down and if there is not an extended cycle, tomorrow will be green, being VIX down and SPX up.


  3. Cobra,

    Thank you.

    Do you have data before 2008 for these? Thanks.


  4. Amy, here is the past statistics:

  5. but $spx did not drop more than 1% today ...

  6. Yeah, that's why I give more credit to bull tomorrow.



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