Another slow day for the markets with a handful of earnings releases alongside a late afternoon reversal back towards intraday lows being the main summary. Lets jump right in with updated looks at the market indices and a detailed look at a key VIX sell signal.
The VIX continues to drop as a result of the low volatility, bringing into multi-year low territory. ZeroHedge reports, "Following the two times that VIX first closed below 15%, the S&P 500 has suffered from a 5.25% and 7.75% plunge in the following two months..."
And here is a look at Michael Kors (KORS) courtesy of my MarketSmith account. A big day today off earnings however the stock is still trading in a larger horizontal channel and may require some sideways action before it can make a legitimate attempt at levels above all-time highs. Worth keeping a close eye on.
Lastly, a great clip showing how high frequency trading (HFT) has taken off over the last few years. HFT now accounts for over 50% of all market activity. For more on the topic head over to today's NYTimes. *Note email readers you will need to visit the site to watch the video clip*
Original post: Market Recap with VIX, KORS Analysis and HFT Video
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here