Pages

Saturday, June 25, 2011

Can the VIX's Sustain an Upside Momentum?...

The S&P 500, OEX, Russell 2000 and Nasdaq 100 Vix's closed near their highs on Friday as shown on the Daily chartgrid below of VIX, VXV, VXX, VXO, RVX & VXN. 5 out of 6 are currently above their 50 & 200sma's (red & pink), with the VXX above its 50sma (red). A bullish crossover of the 50sma above the 200sma could signal continued weakness in these indices in the days and weeks to come.