Post Mortem

When the globex markets opened on Sunday afternoon, I was shocked. At the time, I had just returned my rental car at Dulles, and as I fired up my TOS app and saw the ES up about 24 points, I just about toppled over backwards. What was shocking, of course, was that the...

Low Volatility is Crucial for SPX Breakout

Even though the S&P 500 Index (SPX) did not reach a new all-time high today (Monday), the SPX:VIX ratio did, as shown on the following two Daily charts. Keep an eye on the ratio, since an RSI above 50 and upside crossovers on the MACD and PMO indicators are...