A Black Candle VIX Indicator?

September 19, 2008

The markets pulled back for the second straight day on Tuesday, getting a double-whammy from higher oil and a higher PPI number. But looking at the VIX, the day finished with a black candle, meaning that the VIX finished the day lower than it had opened. More often than not lately, when that happens, the VIX goes down the next day. And so far, futures are up this morning. This black VIX candle indicator might be something worth looking into a bit more.

The systems were overall weaker again Tuesday, but not too bad. SCMV Weekly finished the day with a slight gain, while the other three systems were off by less than a percent. Trade 4 Cash has two signals again today. Have a great Wednesday!

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