VIX and SPX Both Close Higher
Despite a big surge in the S&P 500 on Wednesday, the S&P 500 Volatility Index ($VIX) recovered from early losses and closed higher on the day. This is unusual because the VIX normally declines during a sharp stock market advance. It is just one day though. Let's see if this unusual activity continues.
Click this chart to see the details.
Your comments about the the $spx and the $vix both down yesterday as unusual yet I find that to be the case 4 or 5 times on the same chart displayed. However, I've not seen one occasion of both being up (white candles). Perhaps that is more significant.
Thanks for your articles. They help a lot.
Posted by: Ron Waeckerle | July 18, 2009 at 09:51 AM