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Volatility Indices Push Higher

26 June 2007
Author: Harvey Posted under Investing

Today the volatility indices we watch closed at the high of the day. Right now they are within 20% or so of the March highs which coincided with the March bottom. This leads me to believe that this downward run may be almost over. I’d like to see a capitulation bottom with a rapid streak higher in ^VXO, ^VIX and ^VXN to hopefully mark the turning point. Even when we do get that spike the actual bottom can occur a week after it happens.

Today of all the stocks I have been watching only GOOG and MSFT were green durubg the day. So will GOOG turn lower so the market can put in a bottom? I hope it stays strong as I bought some more yesterday.


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