|Major profit taking (selling) continued today, leaving all three major indexes closing deep in the red.
As stated yesterday, “It is not uncommon to have a large reversal day after heavy selling or buying days.” What is uncommon, is three days straight of selling, buying then selling. Usually, there are days of calm before buying or selling continues.
Adding to the confusion is selling of both stocks and bonds. Usually, when selling hits one group, it goes into the other. For example, when Bonds sell off, money goes into stocks and vice-versa.
Let’s add to the confusion a little more because selling is also hitting foreign markets, Gold and Silver.
For this and other reasons, I expect to see increased volatility this month and in October. If I am correct, are you prepared with your Garden Growing candidates?
Q. Which Volatility Index (VIX or VOX) is the best?
Plan your work, work you plan, share your harvest! Philippians 2:3-4
This information is for Educational purposes only. It shall in no event be construed or interpreted as an offer or recommendation to buy or sell securities of any kind.
DAVID O. ENGLAND is the founder of the Eye on the Market-Training Academy and Associate Professor Emeritus of Finance. This column is presented for educational purposes only and is not intended as financial advice.
If you have a question or comment, contact David England at firstname.lastname@example.org.
https://davidoengland.com/wp-content/uploads/2015/10/doe_logo_trans-with-tagline2015.png 0 0 David O. England https://davidoengland.com/wp-content/uploads/2015/10/doe_logo_trans-with-tagline2015.png David O. England2016-09-13 21:12:022016-09-13 21:52:31EOM Technical Tuesday 9.13.16 SPX VIX or VOX?