Today was the clearest sign yet that something is going crazy in the stock market…
On a day the S&P 500 was down a whopping 7 points and the NDX (the NASDAQ 100) was up over 100 points, the VIX was up over 3 points!!!
VIX should be flat, marginally up, or even down under normal circumstances.
This continues a trend we have seen of the market rallying and the the VIX rallying:
Since 8-24 the S&P 500 is up over 75 points…
That’s a strong 2.5% move higher, but nothing crazy.
VIX is up almost 4 points!!!
It moved from about 22.5 to almost 26.5!
This is the same pattern we saw in February…
The VIX Traffic Light is yellow….
Meaning VIX could go up or down, but is likely to make a strong move.
Your Only Option,