My Lions! The VIX Hits Decade Low.. So, Is It Time To Go? By Gregory Mannarino
A silly catch phrase associated with trading and Wall Street goes like this, "when the VIX is low it's time to go."
So now with the VIX hitting a decade low, does that mean it's time to go? (Sell stocks)
Just yesterday I had written an article and posted it here on Steemit where I had said specifically that the set up for the stock market is higher, and here today as I am writing this article the stock market is indeed higher-with the Dow Jones industrial average up 82 points.
So what's going on here?
The dynamics in play right now are supportive of the risk on trade.
Despite market volatility at a decade low, the market realizes that the Federal Reserve is still running the show, and will support the market at any cost regardless of how extreme distortions across the spectrum of asset classes becomes.
From a technical/dynamic standpoint, we are seeing a stabilizing dollar, some stabilization in crude oil, and some stabilization in the bond market however, we cannot ignore the flattening yield curve (something which is a bad omen and a very strong predictor of future economic activity).
Summary: in my view the stock market will continue to hit new record highs in the short term, and that my Lions means opportunity for us!
Gregory Mannarino
Just went long crude oil today lets see how this plays out
Does a lion ever sleep on Wall St, like it does in the jungle, the quiet jungle?
No way!!!
The lion rips the face off Wall St and has our backs!
Vix is 9.4 thats insane.Looks like gold is getting hit as well.
Its a bit like musical chairs and we may as well keep playing until the music stops or the fed kills it :) .
Great post Greg ,upvoted and resteemed.
Some of the old wall st sayings have a bit of merit, i think they are derived from old warhorse stock traders who have learnt the hard way through either lost money or long careers.
My personal faves are.
The longer i stay in this game the more they seem to make sense :) .
how do you trade such a highly manipulated market. If fundamentals don't matter how can figure out a trend ? Are certain markets less vulnerable to manipulation (more left alone)?
Knowing that the markets are manipulated is our strength. For example: we know the Fed. Will support the market no matter what happens-that is our strength.
I agree 100% with you. My question was more like; the fundamentals do not matter anymore. So unless you are on the "inside" like the PPT, how can you trade a market that doesn't run in a natural state. It seems like if you only bet ON the FED then you will come out winning. In other words there is no real trade..
Up voted! Much appreciated as always! Yeah, it was funny yesterday watching the markets channel with the talkin' heads. That Kat from Shark Tank uh... um...Kevin O'reilly was defending his position on the Comey/Trump scripted chatter and mentioned the vix being very low and how "NOBODY" cared anymore! Haha, that shit was great and IMO he's absolutely RIGHT! I know I don't follow the smoke and mirrors circus anymore. But I do follow you Mr. mannarino and all the other LIONS here! Love this group. ROOOOOAAAAAAAR!
Well said.
You know , i love steemit ( thanks Greg for getting me into it ) but Greg's post's are one of the very few where i will sit down and read all the comments as well.
Many pearls of wisdom and some laughs as well.
Thanks.
Our lion king! Haha thanks for the information Greg as always. We appreciate everything you do
@marketreport which trading platform do you prefer? TDAmeritrade , Schwab, ETrade, Scottrade ??????
They are all about equal. I like ThinkOrSwim and Fidelity Active Trader Pro best.
Thank you, sir. And thanks for recommending SteemIt.com. It's way better than You Tube.
That pesky yield curve! VIX is off the chain my friends! R.O.C.K. On / STEEM On !
Thank you again Brother Greg @marketreport www.traderschoice.net #1
Not time to go yet. Thanks Greg.
lionesses lurk here too