Kingsley Anderson

In This Market, Volatility Gauges Are Just a Sideshow

Babak,
I tend to agree. Similar to oscillators, things can get oversold/overbought and stay there for some time. Most definitely, the VIX should not be used by itself as a market timing tool.

Can Stocks Continue to Pop?

I m not about to nibble on anything yet, but if the markets cannot bust through the aforementioned resistance levels, it looks like we will see more downside. I'm also curious to see the markets finally get back to the fifty dma - that will be a true test.