Smart Cheaters, New OVI ChartsAfter a volatile few days after earnings season, the markets are soaring to new highs. In my last webinar I suggested that new highs could indeed be made, but I questioned for how long.  And at this point I'm still of that view.  As ever though, just let the c... [More]

VIX at 5-Year LowThe VIX (Chicago Board Options Exchange Market Volatility Index) is a measure of the implied volatility of the S&P 500 index options.  It represents one measure of the market's expectation of stock market volatility over the next 30 day period. Options volati... [More]

I mentioned last time that the S&P was forming a potential a bear flag.  The very next day the market slid further but did not break the support formed by the low on 10th April.  Our trading plan relies on breaks of suppot and resistance adn therefore no trade would have been triggered... [More]

I mentioned last time that more volatility was likely ... and that is happening with whipsaws being the rather unpleasant norm.  During times like this we have to be patient - it's not always going to be like this!  Currently the markets are twitchy because every day there's a new sca... [More]

We've seen a classic pennant forming on the main indices that seems to be resolving itself to the upside - at least in the short term.   Let's look at the indices to tell us some more: SPY From the chart the OVI is doing its best to keep us guessing with a virtually neutral reading, but th... [More]