When SPY & VIX Diverge…
Since January 2012 over 80% of the trading days have seen closing SPY moves of under 1% and yesterday was no exception. Bull markets climb and do so on low volatility as we’ve seen the S&P climb over 40% in 22 months. All the guessing that is going on about the bull market top really is just guessing.
Yesterday saw a rise in volatility as measured by the VIX. This could have simply been insurance being bought ahead of Apples earning but anytime SPY and VIX diverge, it’s a small short-term caution sign.
Today’s Potential Opportunities on Further Pullbacks:
Stocks
ETFs
For today’s official Daily Battle Plan set-ups click here.
Making You a Better Trader
To improve, you must continuously learn…
ISE’s VolDex
The ISE believes they have created a cleaner version of the VIX with a new index they call VolDex. You can learn more about VolDex on the ISE website.