🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

Utilities And Euphoria

Published 12/27/2013, 12:36 AM
Updated 07/09/2023, 06:31 AM
US500
-
VIX
-

I imagine some of you notice the VIX has been getting squished down to some of the lowest levels in history. It was only a week or so ago that the VIX was approaching 17; today it had a 11-handle as complacency and delight with equities continued to metastasize.
Volatility S&P 500
With just three trading days left in this wretched (for the bears) year, the no-volume melt-up simply continues uninterrupted. I actually didn’t have a bad day today, as I continue to beef up my holdings with carefully chosen positions. One of my favorites right now is XLU, which I am short, and which I augmented today. Although the chart belown looks like I’m trying to make a cute rendition of a cat in a Japanese cartoon, what I am trying to show is the double top and the risk the supporting trendline has of getting broken.
UTIL
Traffic has been surprisingly steady here on Slope this week. Things were even bustling on Christmas Day! I’m going to continue to be around during the so-called holidays, although I will be traveling from January 1 through 5 and blogging less frequently during my journeys.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.