Market Close: Volatility Index On The Rise

The Dow (^DJI) was up over 200 points this morning, then did an about face, closing down 27 points at 11516.  In other words, for all intents and purposes it went nowhere.  Argh!  Frustrating, isn’t it?  Oil closed just above $110, but even though some thought the drop in oil was responsible for the up move in the Dow, rising a couple of bucks wasn’t entirely responsible for the drop. The fundamentals of the economy stink!  That is, and remains, the bottom line.  Sell the rally is still the prevailing wisdom.

The VIX (^VIX) did rise today, I’m posting the 5 minute and 20 day 60 minute for you.

Posted in Categories: Contributor, External Research, Stocks.

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