Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, January 28, 2013

Market Sideways...VIX Rising

Stock Market Technical Analysis Blog

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In the market today we started to see the sideways trend in the S&P 500 as the VIX has started rising, shown in the upper chart cluster.  A little caution must be taken here, it seems like the mass of the traders feel like they are going to peg 1550 before it's over on the S&P but any time the majority think something is going to happen, that is usually when it doesn't.  1500 may be the top but it may take a few days to see if the VIX will settle back down or if it's giving us a warning right now.


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