The VIX, Wall Street’s ‘Fear Gauge’ Marks 24-Yr Lows

The VIX, Wall Street’s ‘Fear Gauge’ Marks 24-Yr Lows

The VIX, Wall Street’s ‘Fear Gauge’ Marks 24-Yr Lows

$DIA, $SPY, $QQQ, $VXX

The VIX, a number figure that measures Wall Street’s volatility hit a 24-yr low Monday.

According to the data today, the Chicago Board Option Exchange Index’s  (CBOE) VIX, known as the fear gauge, hit 9.72. The fear gauge was at 9.70 on 27 December 1993.

The all-time low, according to the data, is 9.31 on 22 December 1993.

The VIX has averaged 20 over the years. It has been on the decline since reaching the low-50’s in late Y 2015.

The WS-J reported Monday’s drop might be due to the French Presidential election result from over the weekend.

The FT pointed to the French election as a reason too, and claimed the S&P 500 index’s realized 90-day volatility is at 6.7% another low number.

The US stock market is consolidating around new record highs that is suggesting that lots of participants are waiting for clear directions in here.

Monday, the US major stock market indexes finished at: DJIA +5.34 at 21012.28, NAS Comp +1.90 at 6102.64, S&P 500 +0.09 at 2399.38

Volume: Trade on the NYSE came in heavy with 1.02-B/shares exchanged.

  • NAS Comp +13.4% YTD
  • S&P 500 +7.2% YTD
  • DJIA +6.3% YTD
  • Russell 2000 +2.5% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Bullish (0.30) Bullish (0.46) Bullish (0.25) Neutral (0.18)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Bullish (0.26) Neutral (0.21) Bullish (0.31) Bullish (0.25)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Bullish (0.31) Bullish (0.25) Bullish (0.42) Bullish (0.25)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Bearish (-0.31) Neutral (-0.19) Bearish (-0.35) Bearish (-0.38)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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