Market Minute

This Has Only Happened Once Before

The VIX says it’s time to buy… finally. We came into last week on the lookout for a Volatility Index (VIX) buy signal. The VIX closed above its upper Bollinger Band on Friday, October 5. That indicates an extremely overbought condition for the VIX – which usually coincides with an extremely oversold condition for the […]

Get Ready to Buy…

The CBOE Volatility Index (VIX) is on the verge of generating a BUY signal. Last Thursday, I noted that the chart of the VIX looked poised for a short-term spike higher. The June high of 18 looked like a reasonable target. And getting to that target would likely mean the broad stock market would have […]