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Yesterday, I heard some market experts, who shall remain nameless, talking about how the CBOE Market Volatility Index – commonly known as the VIX, or "fear gauge" – dipping below the 15 level was bearish for the market.
"Big" statements like that are easy to throw out there, and they usually draw some notice.
But… is this statement really true? Something about this was bothering me – it was a little "too easy" – so I turned to my charts.
What I found, and what I'm about to show you, was surprising. Very surprising.
About the Author
Chris Johnson is a quant - he's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.
Chris also contributes to Money Morning as the Quant Analysis Specialist.