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Monday’s trading will be the first opportunity stock investors in the U.S. will have to act on a major technical violation that occurred at Friday’s close: The breaking of the 200-day moving average. This could result in an avalanche of sell signals hitting the market at Monday’s open, since many technical analysts use the 200-day moving average as the dividing line between bull and bear markets. They consider the primary trend [...] Richard Russell, the bearish author of the Dow Theory Letters, has yet another reason to be bearish: the VIX.
The VIX, aka the fear index, is a measure of implied volatility. He writes in King World News: Starting in August the VIX headed down again as investors’ nerves settled down. The VIX hit a low in April. But the latest reading is a sudden surge above the 50-day MA. This suggest that investors are [...] ?Seth Wenig – Lower Manhattan is seen amidst dark clouds in New York, Sunday, Aug. 28, 2011. Hurricane Irene bore down on a dark and quiet New York early Sunday, bringing winds and rapidly rising seawater that … NEW YORK (AP) — Waterlogged and silent, New York awaited the worst of Hurricane Irene as an unsettled dawn broke over the city Sunday. Seawater cascaded toward Wall Street [...] From a Korean-language article in Chosun Ilbo Approx 2 pm this afternoon, NK fired three (artillery) rounds near Yeonpyeong Island which was attacked last year. One landed on NLL(the sea dividing line.) SK responded by firing back three rounds of its own. All SK fishing boats returned to the shore and residents were evacuated to shelters. So far no casualties were reported and NK appeared to fire at an uninhabited island called Yong-mae-do. From FT: Two Chinese fighter jets crossed an unofficial dividing line in the Taiwan Strait late last month in pursuit of a US spy aircraft, according to defence sources in Taipei and Beijing. The incident marked the first time in more than a decade that Chinese military aircraft have entered Taiwan’s side of the 180km-wide strait. According to Taiwan’s defence ministry, two Chinese Su-27 fighter jets [...] |
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