As I mentioned in a PeeG post back on June 22nd, I like to use some simple trendline charting on the VIX (VXO precisely) to note intermediate time frame tops. My VXO chart continues to confirm that we have seen a top for a while (couple of months at least?). Here is an updated chart:
So [...]
As I showed in a previous PeeG post, my forecast model for the Case Shiller housing index shows housing prices continuing down for the next 12 months at least (after probably being flat the next few months due to seasonal effects). I also introduced in that post the new ETF’s that track the Case Shiller [...]
This is something I posted on my blog a few days ago but I thought the IBC’ers would be interested in. By now I am sure everyone has heard of the term “Green Shoots” which is referring to signs the economy is recovering. Here is Bernanke in a recent interview:
To get out of high rate [...]
I am but a Caveman and eternally honoured[sic] to be King of the Peanut Gallery. But before I can go forward with my rule, I must pay tribute to some of the Cavemen who came before me and made it possible.Â
Captain Caveman who made it cool to be a caveman again:
Ringo Starr and Dennis Quaid [...]
“Get out of the road, if you wanna grow old” -Pink Floyd
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The VIX has closed between 27 and 33 for the last 27 trading sessions. As the market made new monthly lows, the VIX stayed within this range. The volatility is coiling around the 30 level, and the range has [...]
Will the Golden Cross be used to bludgeon the bulls or the bears, or perhaps both equally? I vote for more volatility, with the 30 level on the VIX and the 900 SPX level providing lots of gravity to whipsaw around. I will be rummaging through the wreckage of the XLB and XLE [...]
