Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, January 14, 2013

VIX Treading Water

Stock Market Technical Analysis Blog

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In the market today we saw the continued sideways movement of the VIX at the lower market  overbought line while the S&P is starting sideways at its upper line.  Not much to talk about yet but AAPL is about to get interesting.  Looking at the lower cluster above, AAPL actually dropped through its Day 432 EMA safety net line this morning which has been used to bounce the market and closed today underneath the line but did find support on its lower channel line shown in the lower chart of that cluster.  Considering the short interest has got to be increasing by the hour tomorrow would sure be a prime day for them to surprise the market and jam AAPL back above its 432 and have a broad market short squeeze day.  We will have to see...


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