It would appear that gasoline prices at $3.80 have a negative affect on SPX. From the same article they have this table with more details.
The five other instances of gas at these prices levels saw SPX negative 50 days later. Will it be different this time?
I also saw an interesting article about the huge VIX spike we saw the other day. Here is an interesting table in the article.
Next, we looked at all VIX surges of at least 30% and found the results for the SPX going out aren’t very bullish. Returns out a week aren’t too bad, but going out more than that and it is tough to make a bullish case.
It appears we have pretty good odds of seeing that 2/25 low retested if not taken out on the down side in the next few weeks. There is a lot more information in that article you may want to read if you are interested in VIX pops.
Bob
1 comment:
Thanks for sharing the information. That’s a awesome article you posted. I found the post very useful as well as interesting. I will come back to read some more. Stock Tips
Post a Comment