Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, January 17, 2013

S&P Popped Above September High

Stock Market Technical Analysis Blog

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In the market today they finally popped the S&P above the red line as I mentioned I was looking for them to do that back in my Jan 10th blog.  The VIX started to curl up some today as the S&P broke through the highs.  In the lower cluster we have a mixed bag of the short term channels on the indexes.  A lot of people sold into the pop at the market open today as the TRIN shot up to the 3.0 level during the first thirty minutes.  Once again we will be watching the VIX to see when the push is done.


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