The major indexes are trading sharply lower today again. Yesterday's crash was blamed on the so called fat finger trade. That is simply very hard to believe since the source cannot be found. In a day with modern technology everything can be traced. Today the markets are declining by more than 200.00 points on the Dow Jones Industrial Average. The SPDR Dow Jones Industrial Average (NYSE:DIA) is lower by 1.50 percent today. The moves in the market are violent in fashion today.
Today the IPath Vix Short Term Future (NYSE:VXX) is higher by more than $3.60 to $30.00. When the volatility spikes like this in the market it is usually a sign of fear in the stock market. The VXX is a bit extended on the daily chart, however, it can continue higher should panic set in.
Comments