investinfamily

VIX A.K.A. "Fear Index" Future Projection Analysis

CBOE:VIX   Volatility S&P 500 Index
VIX Why April 23rd and 24th will induce or reduce fear in the market. Checking the United States economic calendar will be clues to the direction of fear in the markets:
April 23::
1) Jobless Claims (Huge deal!)
2) Manufacturing PMI: "A higher than expected reading should be taken as positive/bullish for the USD while a lower than expected reading should be taken as negative/bearish for the USD." Forecast: 49.2
3) Services PMI: "A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD." Forecast: 39.1 Hopefully its higher.
4) New Home Sales (March): "A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD." Forecast: 750K
April 24th::
1) Core Durable Goods Orders (Ex Transportation): "A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD." Forecast: -6.0% *Good thing this reading excludes aircraft orders*
2) Core Durable oods Orders (w/transportation): Forecast: -0.8%
3) Michian Consumer Expectations: A.K.A. Michigan sentiment index. "A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. Forecast: 68.0
4) And other indicators too many to list, notably oil and gold.
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.