VIX made a lower low today when it dropped below 57. This should mean a change in trend, higher, in the markets.
The next level of confirmation, another lower low, would be falling below 47.
Should be buying the dips going forward. Will definitely have pullbacks, lot of bad data coming soon. Hope we've seen the worst and the odds are now in your favor.

3 ...

Report Post

Posted by jmcwhrter

Member since Nov 2012

6562 posts

Posted on 3/24/20 at 1:17 pm to JetsCoach

had a question about the VIX.. Does it drop when the market is unanimously selling as well?

1 ...

Report Post

Posted by JetsCoach

Bossier City

Member since Dec 2017

769 posts

Posted on 3/24/20 at 1:44 pm to jmcwhrter

Vix tends to work opposite the market averages. Inverse relationship about 95% of the time.

0 ...

Report Post

Posted by crazycubes

Member since Jan 2016

5256 posts

Posted on 3/24/20 at 1:59 pm to JetsCoach

was thinking the same thing. that being said, i want to see how the market reacts to the unemployment numbers. they'll gonna be huge.

1 ...

Report Post

Posted by JetsCoach

Bossier City

Member since Dec 2017

769 posts

Posted on 3/24/20 at 2:21 pm to crazycubes

Markets already know that. No big surprise. A lot of ugly numbers will be coming at us in the near future. If the VIX continues to drop and you get an initial sell off on the announcements, should be safe to add to positions. Wish you good fortune!

0 ...

Report Post

Posted by thatguy777

Member since Feb 2007

2384 posts

Posted on 3/24/20 at 4:01 pm to JetsCoach

VIX started going up with the rally in the afternoon...volatility isn't going anywhere anytime soon

Page 1