Despite a big surge in the S&P 500 on Wednesday, the S&P 500 Volatility Index ($VIX) recovered from early losses and closed higher on the day. This is unusual because the VIX normally declines during a sharp stock market advance. It is just one day though. Let's see if this unusual activity continues.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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