Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Friday, January 4, 2013

VIX Below 14

Stock Market Technical Analysis Blog

Click on image to enlarge

In the market today we had the third day of the traditional first five day push.  Once they have the first three days up they almost always make it to the fifth but with the VIX closing at 13.83 which is almost right down to the long term overbought red line (shown in the chart above) Monday's outlook leans toward a neutral feel and the day will probably be susceptible to having the good or bad news taking control of that day's close.  


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