How To Look Inside The Market
Since we have a fairly choppy session, let’s talk
about some market internals. Many E-mini traders look at the S&P cash and
the TICK, which are important to watch. In addition, the VIX tells you the
sentiment of the market: low VIX = low fear; high VIX = high fear. The TRIN
measures the relationship between the number of stocks that increase or decrease
in price and the volume associated with it. A TRIN of 1.00 is neutral, while
over 1.20 is generally considered bearish, and under .80 is considered bullish.
The
(
VIX |
Quote |
Chart |
News |
PowerRating) has made an island, and the question is: Will it fill this gap?
Here’s what the VIX looks like on a 60-minute chart.
The TRIN is trading in the same island formation.
To get anything going, it’s always nice to see
the advance/decline line in positive territory.
Have a good afternoon.