Tuesday, June 28, 2016

Complacency SPDR S&P 500 ETF Trust

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*We see technical signs of complacency again.
*Our last call of complacency was June 4th.
*Complacency during volatility should lead markets lower.
(Picture: This bear fell asleep on Monday after a busy Brexit Friday.)
We use the VIX to tell us where worry stands. When worry recedes in the face of volatility, we expect more downside. Our call June 4th showed VIX on the mat, which helped tell us down stock prices to come. It's not as bad now but the relationship of VIX to markets and news still tells to expect lower stocks.
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Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principle especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS

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