tag:blogger.com,1999:blog-6135767210188526078.post2950410215455057858..comments2023-07-28T11:28:55.153-04:00Comments on pebblewriter: Charts I'm Watching: March 12, 2012pebblewriterhttp://www.blogger.com/profile/11324367600914701000noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6135767210188526078.post-20556314264903572292012-03-12T17:12:57.578-04:002012-03-12T17:12:57.578-04:00As Dive and Rob correctly point out, VIX has a hug...As Dive and Rob correctly point out, VIX has a huge amount of support at these levels. One such fan line goes back to Dec 2006 -- the last time VIX closed below 10. There's no guarantee it won't go lower, but it's definitely running out of room to the downside. Remember VIX is a futures contract. I think a lot of people are trying to jump on the bull wagon at the absolute wrong time, perhaps placing a QE3 bet.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-13320682218447701032012-03-12T17:01:20.451-04:002012-03-12T17:01:20.451-04:00Agreed.Agreed.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-40757231664920985332012-03-12T15:27:52.541-04:002012-03-12T15:27:52.541-04:00It is uncanny just how many stocks are, today, ret...It is uncanny just how many stocks are, today, retesting that long term RSI trendline - going back to last August. Just to name a few - AA, BA, XOM, MMM, DIS, CSCO, TRV, JNJ, GOOG, EMR ...pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-91856505244995447742012-03-12T12:51:45.225-04:002012-03-12T12:51:45.225-04:00http://dl.dropbox.com/u/59021800/New/VIX%20LT%20Su...http://dl.dropbox.com/u/59021800/New/VIX%20LT%20Support%202012-03-12-TOS_CHARTS.png<br /><br />VIX at long-term support.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-79532604119406411472012-03-12T11:04:47.525-04:002012-03-12T11:04:47.525-04:00But what about the volume ? MMM, GE, PG, INTC - ju...But what about the volume ? MMM, GE, PG, INTC - just eyeballing it volume is down. What is interesting to my naive eyes is the rotation. JPM was like the best performing stock on Friday. Today it is the worst. On the 8th CAT had a great day. Today not so much. You have to wait until the end of the day, but you can almost pick tomorrow's winners by looking at today's losers.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-13768145126189706292012-03-12T10:12:30.040-04:002012-03-12T10:12:30.040-04:00so what's the latest on Vix???so what's the latest on Vix???pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-60986959500927167442012-03-12T09:52:00.765-04:002012-03-12T09:52:00.765-04:00PW, check out where the DJI, RUT and Wilshire 5000...PW, check out where the DJI, RUT and Wilshire 5000 all bounced last week. I can only imagine what happens when this trendline gives way...<br /><br />http://silversaxena.blogspot.com/2012/03/trendline-support.htmlpebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.com