Volatility: Was Yesterday Another Micro Blip?

We have had an ongoing theme in NFTRH tracking how the market periodically gets the jitters to just enough of a degree as to reset sentiment on the micro-term in order to set the bull up to shove it down the shorts’ throats once again. I’ve called these little events “micro blips” (™).

Using the 120 minute VIX chart we noted some real humdingers to reset the bull in Q4 (blips 1-5), a couple of lame ones (6 & 7) and now, #8? For this blip to accomplish its goal the market has to erase yesterday’s nasty reversal and make new highs.

vix

Here is a monthly chart of the VIX providing perspective on how long this seemingly interminable process can go on. I distinctly remember people fighting the VIX all through Greenspan’s inflation-fueled bull market from 2003 to 2007. It was part of why I named the website But it is what it is in 2004. I was at a point of realizing you can’t fight what is, whether bullish or bearish!

vix

So anyway, we’ve got a pretty good jump in the VIX and we will soon see if it is the start of something or just another Micro Blip ™.

Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.