Volatility Dives to Record Low
By Colin Twiggs
October 6, 2017 9:00 p.m. EDT (11:00 a.m. AEST)
Please note changes to the Disclaimer.
The CBOE Volatility Index for the S&P 500, or VIX as it is commonly known, fell to a record low of 9.19 on Thursday. The previous low was 9.31 in December 1993. The bull market is in full swing and unlikely to end any time soon.
The S&P 500 is making new highs while a Twiggs Money Flow trough high above zero indicates strong buying pressure. Immediate target for the advance is 2600*.
* Target calculation: 2500 + ( 2500 - 2400 ) = 2600
The Nasdaq 100 broke resistance at 6000, confirming the broad advance.
Buying when others are despondently selling and selling when others are avidly buying requires the greatest of fortitude and pays the greatest ultimate reward.
~ Sir John Templeton
Disclaimer
Colin Twiggs is director of The Patient Investor Pty Ltd, an Authorised Representative (no. 1256439) of MoneySherpa Pty Limited which holds Australian Financial Services Licence No. 451289.
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