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Thursday, July 19, 2007

Volatility Returns

The Vix is slowly continuing it's mild uptrend. The range is narrowing, indicating a big move in either direction could be coming soon.

The Utility index confirmed it's move up, blasting above the 50dma. I think this is could be a warning of a coming market correction.

Late posts are getting to be the norm, and will probably continue to be until the end of August. I am trying to stay on top of the earnings news coming out, but it has been a bit difficult. I am also going to try to resume my early morning posts detailing potential breakout stocks for that day. Other projects are taking a lot of my time now.

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