Thread: ^VIX

Market down 4% and we're only at a 31 VIX which is not indicative of a panic selling low.

Another VIX at 30 day.

Still no capitulation.

I’m thinking we will continue to see lower for a while longer- and then pretty much flat into the late summer months. Good luck.


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VIX, Wall Street's Fear Gauge, Extends Longest Lull Since 2021


Wall Street's classic volatility indicator haven't been this subdued in more than a year as many investors paring back their stock exposure during last year's bear market, reducing the need to hedge with derivatives.


VIX.jpg

VIX peaked on May 24 and right now is at the lowest level since 2019. 2019 was a just a slow move higher every day.

Like 2019, this is also the third year of the presidential cycle.

Still below 20 which equals correction terrority, but with today's close at 17.89, market is still seeking a floor around 4,300.

From 8/16:

Key Takeaway: Today was only the third 1% daily swing in the S&P 500 in the past two months. But it was also the seventh day in a row with more new lows than new highs. After strength faded last week, the market is getting less quiet this week. For now, the absence of fear (e.g. VIX > 28.5) suggests the path of least resistance for stocks is lower. Bulls no doubt have drawn their lines in the sand and will be under pressure to defend them.

https://himountresearch.substack.com...er-as-strength