VXO Archives - CBOE Blogs

  • Market News | Technical Analysis & Charts | VIX | Jan 9, 2015, 1:00 PM

    Weekly Market Commentary 1.9.15

    Weekly Market Commentary 1.9.15

    The market has been on a rather wild ride for over a month now.  With the action of the last two days, our indicators have swung back to a bullish status, for the most part. The fact that $SPX has now risen back above its 20-day moving average and has closed above 2060 is positive.  A second day's close above 2060 would be confirmation of the recovery in the $SPX chart. Equity-only put-call have rolled over to buy signals. Market breadth was not very supportive of the December rally, and[...]

  • Technical Analysis & Charts | VIX | Jan 2, 2015, 10:00 AM

    Weekly Market Commentary 1.2.15

    Weekly Market Commentary 1.2.15

    Stocks stumbled into year end, with a couple of down days, the second of which was downright nasty.  But was this just illiquid, year-end manipulation (as the bulls suggest) or is it something more serious?  It's a little early to tell at this point, but if things don't improve quickly, then the bears have a chance to engineer a correction. The Standard & Poors 500 Index ($SPX) fell below support at year-end.  That support had been at the 2075-2080 level.  It is still above[...]

  • Technical Analysis & Charts | VIX | Trader Talk | Dec 22, 2014, 4:15 PM

    Weekly Market Commentary 12.19.14

    Weekly Market Commentary 12.19.14

    In nearly 45 years of trading, I don't think I've ever seen a market as wild as the one has been this month. Let's review the entire technical picture. First of all, the chart of $SPX has not yet returned to a bullish state. $SPX would have to trade at new highs (above 2080) in order to turn the chart bullish again. Meanwhile, the equity-only put-call ratios remain on sell signals. They have been racing up their charts, but they still aren't even halfway up the charts. Thus, they are not in an oversold[...]

  • Weekly Market Commentary 12.12.14

    Weekly Market Commentary 12.12.14

    Various indicators have been turning bearish since mid-November.  But until this week, $SPX itself had not broken down, and since price is "king," that was quite important.  However, now $SPX has broken down, as it has fallen below support at 2050.  This completes a bearish pattern, and a full-fledged correction is underway. This could be sharp and short-lived, and since it is taking place late in the calendar year (when seasonal bullishness occurs), that is probably the[...]

  • Technical Analysis & Charts | Dec 5, 2014, 10:08 AM

    Weekly Market Commentary 12.05.14

    Weekly Market Commentary 12.05.14

    The stock market, as measured by the Standard & Poor's 500 Index ($SPX), sold off for a couple of days and then rebounded quickly to new all-time intra-day and closing highs.  However, sell signals and overbought conditions abound, so all is not bullish. With $SPX making new all-time highs, its chart is bullish, and the trend of the market is higher. Price is the most important indicator. That has not changed. Both of the equity-only put-call ratios have rolled over to sell signals. [...]

  • Market News | Technical Analysis & Charts | VIX | Education | Dec 1, 2014, 7:15 PM

    Grinding Higher Economy & Stocks - Weekly Market Outlook

    Grinding Higher Economy & Stocks - Weekly Market Outlook

    As is usually the case, Thanksgiving week proved to be a rather tepid one for stocks, with most of the trading crowd choosing to check out around the middle of the week.  Volume for last week as about half the norm. Nevertheless, where we left off on Friday is where we'll restart things on Monday, so it's still worth figuring out where we are and where we're likely to go from here for the broad stock market. We'll do exactly that below and look at one interesting sector long-term setup,[...]

  • Technical Analysis & Charts | VIX | Dec 1, 2014, 10:54 AM

    Weekly Market Outlook 11.28.14

    Weekly Market Outlook 11.28.14

    (Editors Note: We got this Friday from Larry. Enjoy) The stock market, as measured by the Standard & Poor's 500 Index ($SPX) continues to march upward at a dizzying pace.  The market is overbought, and if $SPX violates support at 2060, we could finally see a correction. Equity-only put-call ratios remain on buy signals.  You can see from the ratios are still trending downward.  That is bullish. Both of the breadth indicators remain on buy signals, and they are modestly in overbought[...]