Tuesday, November 13, 2007

NASDAQ Technical Picture - Technical Bounce


Market volatility decreased sharply today as the equities staged a technical bounce. The VIX (CBOE Volatility Index) closed -6.99 (-22.5%) to 24.10, while the tech-focused VXN (Nasdaq Volatility Index) closed -5.23 (-15.0%) to 29.71. The CBOE put/call ratio closed at 1.21, indicating more active put trading than call trading. The TRIN ended the session under 0.50 (0.32) which bodes well for continuation tomorrow.


2 comments:

Anonymous said...

Jamie,

I (and I'm sure your other readers) appreciate that you still find time to post. Thanks.

TJ said...

Thanks Jim,

Sometimes I feel like a slave to the blog and other times I just feel compelled to blog. Either way, it's nice to be appreciated.