VIX (Volatility index) on September 15, 2014

VIX is over its 200-day SMA for the first time in one month. I am not sure whether this signals real trouble ahead for the indices. My overall view is that this has to do mostly with today’s Nasdaq weakness and is just a rebound before VIX ultimately collapses to 10.

VIX Index, daily chart:
VIX_daily_20140915

Chart courtesy of StockCharts.com. http://stockcharts.com

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