Buying the non-Volatility

The Market’s been choppy…but not volatile.  Although there’s been recent selling pressure, volatility as measured by the VIX has been in decline.  In fact, despite the current selloff, the VIX is at its lowest level since pre-COVID February 2020.  That’s an extremely positive market indicator. This drawdown is also characteristic of a 2021 pattern: end-of-monthContinue reading “Buying the non-Volatility”

February Tech Unwind- buying the dip

The Tech Unwind and the Rotation out of Stay-at-Home stocks accelerated this week with the NASDAQ declining 4% and dropping below its 50dma; while the S&P 500 absorbed some of the buyers, thus faring better, down only 2.5% and holding at its 50dma. Because of the underlying economic data, and recent stock market price action,Continue reading “February Tech Unwind- buying the dip”

2nd Day of Panic Selling !!!

Today the S&P 500 was down another 3%.  It broke support at the 100dma and is down about 8% from the peak…approaching a technical correction.  The VIX topped 30. Where’s the bottom?   I have no idea.  I bought again today (US Broad Market Index SCHB). During the 2018 CRASH, I bought multiple dips because IContinue reading “2nd Day of Panic Selling !!!”

Testing June or December LOWs?

Major turmoil in the markets today.  Have you heard?  There’s a trade war going on. As I mentioned a couple weeks ago, I’m waiting for the S&P 500 to hit its 200dma before I buy this dip.  Hasn’t happened yet, but with the seasonal volatility of August-October, I might just get my chance. Today’s newsContinue reading “Testing June or December LOWs?”

Buy the dip? WAIT for 200dma

Today China devalued their currency and the market selloff is reminiscent of August 2015 when exactly the same thing occurred.  So we’ve seen this play before. Back then, the S&P500 dropped ~12% over a two week period.  In 2015 the concern wasn’t tariffs or a Trade War, but rather a meltdown of the Chinese economy.Continue reading “Buy the dip? WAIT for 200dma”