Fear is out of whack

The VIX is at the junction of the 2008 turn from hysterical fear to relief. That’s fine, the COVID-19 scare and its economic implications are considerable. But when viewing VIX (inverse view shown here) and SPX on a log (percentage based) scale chart something is out of whack. Either this is as bad as Armageddon ’08 was or there is a massive snap back in … Continue reading Fear is out of whack

GaryMarch 10, 2020March 10, 2020

NFTRH Interim Updates

NFTRH; SPX, Gold Miners and more

Yesterday’s projected open for SPX during pre-market was 2827. Today it’s 2850. That was a lot of noise and angst for going basically nowhere in the last 24 hours. Weekly RSI is now as oversold as it was on Christmas Eve 2018. But this is a different animal. That event had been rolling over for several weeks and then had a final capitulation and washout. … Continue reading NFTRH; SPX, Gold Miners and more

GaryMarch 10, 2020April 26, 2020

Notes From the Rabbit Hole

100% independent top-down macro market analysis and strategy

Day: March 10, 2020

Fear is out of whack

NFTRH; SPX, Gold Miners and more