Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, January 9, 2013

Tap Dance on the Lower VIX Line

Stock Market Technical Analysis Blog

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In the premarket session this morning APPL started selling down which they immediately counteracted the disappointment by jamming the SPY upward premarket giving us a moderate up day in the market as the VIX continued sideways on its lower channel line.  Sometimes the VIX can go sideways at the lower channel line allowing the market to stay overbought far longer than a lot of shorts can stay short.


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