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Volatility and Sentiment: Today Doesn't Matter
Posted on July 15, 2008
Some semi-random thoughts inspired by today s market action: The VIX:VXV ratio spiked up to 1.12 at 1:12 p.m. EDT (I m not superstitious, but that s an interesting bullish signal) The underappreciated VXN (volatility index for the NDX or NASDAQ-100) spiked over 34 on Friday and made it as high as 33.76 earlier today.That s not enough to satisfy the VIX must spike over 30! purists, but it is an interesting data point, particularly because the VXN and NDX excludes financials My VIX algebra says that two medium to large VIX spikes on Friday and today do n...
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