The VIX has obliged by poking another low, even though it closed up from that low while equity indices reached higher. What I mean by "obliging" is that the VIX gave this low while equities poked higher, so there isn't divergence between VIX and equities (and not seeing positive divergence in the VIX daily chart). Maybe it was last-minute protection going into opex Friday. While the equity put/call ratio made a higher low (remember when .60 seemed low?!). Of course, even aside from opex, there are cross-currents. GOOG seems to be in its own bull market and up after hours on its earnings report. While oil us also strong (in a third-wave up movement, but Goldman Sachs is "Goldman Sags" today, BAC is down and so is IBM whose earnings report apparently disappointed. Even Apple is down after-hours, along with some other erstwhile tech favorites (BIDU, INTC), and gold was weak.
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