Volatility finally came back to the stock market last week. And, it looks like it’s going to stick around for a bit. It took two buy signals before stocks rallied in February. And, it took four VIX buy signals before the market finally bottomed in March and the recent “greatest rally of all time” got started. Traders should probably wait for at least a second VIX buy signal before trying to buy the dip.
Comment:
FEDs try to influence the market tomorrow 6/16/20. Powell will be testifying tomorrow at 10 a.m.