General Commentary on the Markets
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Posted: Friday Feb 10 8:04:24AM 2012
Yesterday a volatility indicator I follow closely got triggered. It suggested a possible pullback in the broader markets was around the corner. And we appear to be experiencing it today. Since mid-November market pullbacks have gone no further than what we are getting today because the market has wanted to push higher. And that could be the case again. However volatility has been at the lowest levels since July 2011 so the broader pullback that really started over the last 2 days may be greater than just a few day event.
Posted: Tuesday Dec 13 9:42:44AM 2011
Chris Vermuellen of thetechnicaltraders.com is suggesting we could be on the verge of a major move higher in the U.S. dollar based on the weekly chart. The move could be as much as 8 to 10 points or more than 12% which would be devestating for stocks and commodities. For example, if Vermuellen is correct, silver could reach $21-22/ounce. The Volatility Index, an important indicator I follow is currently suggesting the opposite. Yesterday and today the VIX (Volatility Index) is suggesting higher prices for stocks.
Posted: Wednesday Dec 7 12:21:57PM 2011
Bulls are trying to right the ship but options activity continues to indicate weakness is imminent.
Posted: Wednesday Dec 7 11:13:13AM 2011
Based on options activity feels like North American markets are about to slide for a good-sized correction in the next 15 minutes or so.