VIX - Volatility Index Chart...
I like to see that red candle because I'm not playing the shorts...All indicators are overbought on this one, so it may need to cool off a bit...meaning we've seen some market volatility the past few weeks and some normalcy and stabilization may be returning to markets...For those of you who do not know what the VIX is, it gauges market sentiment - volatility - the higher it is, the more the bears are in control, the lower it goes, the more the bulls are...
10 mon daily chart here to help you see...the vix tried to push up over the $30 marker 3 times since the late august/early september, and this last attempt pittered out, suggesting that market volatility is waning again, and that although we may not be going straight up, a blow to overall markets could be less likely here for those perma-bears out there...again, only a gauge here...and let's wait til earning season is done before we get all merry about it though...that said, shorts may need to start covering soon.
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