The following (green highlights) is a chart and a brief excerpt from our Monday October 17th Keys To This Week report (click here for a recent sample copy).
Key To This Week, one of 8 different reports that we produce for Asbury Research subscribers at various intervals throughout the month, is a detailed weekly outline of key market factors and corresponding charts that are most likely to influence US financial market direction during the upcoming week.
Asbury Research’s Keys To This Week
October 17th, 2011
Key #4 of 9 on The US Stock Market: The VIX
Key #4: Volatility: The VIX. INTERMEDIATE TERM BULLISH. The VIX finished Friday’s session at 29.24, which marks the first time that “the fear gauge” has been below 30.00 since August 4th.
Chart 2 shows that the last time the VIX atypically lingered above 30.00 for an extended period was between May and July 2010, which led into the July 1st low in the S&P 500 that preceded a +36% advance into the May 2011 high.
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