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$VIX Volatility Index At Support

The $VIX  (CBOE Market Volatility Index) is at support where a tradable bounce is likely. Should the S1 level give way, a move down to the S2 level (very solid support) could put in an even more powerful divergent low. For those that don't care to trade the $VIX, at times it can provide some predictive value by confirming or helping to validate bearish technical developments in the broad equity indices.

$VIX daily April 14th

$VIX daily April 14th

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Apr 14, 2016 2:20pm|Categories: Equity Market Analysis|Tags: , , , , |4 Comments

4 Comments

  1. Art April 14, 2016 3:07 pm at 3:07 pm

    Nice call Randy, I am in the trade via UVXY and VXX

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  2. Bing April 14, 2016 3:48 pm at 3:48 pm

    Thank you Randy, I’m in UVXY and TVIX and picked up a little more UVXY today.
    It was nice seeing that e-mail!!

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  3. GetItRiight April 14, 2016 3:50 pm at 3:50 pm

    I’m in TVIX as well, with an average of 6.37. My resolve is unbroken to tough it out until I am in the green. We all know it’s coming. I might have to average down one more time at 12 VIX support, but will see it through.

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  4. jameske April 14, 2016 7:15 pm at 7:15 pm

    What if TVIX keeps going down and down? What if it ends up at a dollar or lower? Seriously, averaging down just deploys more of your money in the hope that things will turn. I learned a long time ago never to do that. There are other options for deploying your money. If you believe it will go back to 6.37 then stick with what you have already put into it. Do not try to put more money into it. There is always another opportunity in a different sector.

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