As we have been seen over the past weeks, there was a large buildup in protection being bought as the VIX rose over 25% from its late November lows. Once “Tapering Lite” was announced yesterday and surprised most of the market, the protection was rapidly unwound and the buying spree was triggered. As things stand… [Read More]
Stocks On Rise After Fed Taper Announcement
Here’s a look at Market Conditions as of 3:30 pm courtesy of the TradingMarkets Live Screener. Ticker Price Change ConnorsRSI RSI2 DIA $161.11 1.47% 82.43 94.13 IWM $112.51 1.04% 74.61 90.96 QQQ $85.80 0.76% 76.48 83.89 SPY $180.91 1.27% 81.99 86.43 Dow’s 5 Biggest Gainers Ticker Price Change ConnorsRSI RSI2 MMM $135.24 2.93% 95.81 98.80… [Read More]
A Gradual Unwinding in Anticipation …
If you look at the number of days the market has been down vs. up over the past 3-4 weeks, you’ll see a gradual unwinding of equity positions as many larger asset firms have begun anticipating the slowing of funds from the Fed. The VIX again reached its highest level in two months so you… [Read More]