The
SPY is underperforming RSP (equal weight
SPX).
This means that underperformers could very well pick up the slack & outperform the Big 7 going forward. They have been performing well.
The Volatility Index
VIX is down on the day BUT up from open.
Will the moving avg's push it lower or do we get some sort of support here? This is a MAJOR SUPPORT level!
VIX rarely gets close to oversold, let alone oversold.
SPXS
SPXL #stocks
This means that underperformers could very well pick up the slack & outperform the Big 7 going forward. They have been performing well.
The Volatility Index
Will the moving avg's push it lower or do we get some sort of support here? This is a MAJOR SUPPORT level!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.