Chart o’ the Day: Buying on Vix Spikes

Today’s chart comes from my pal Ari Wald, one of my fave technicians who does great work every week at Oppenheimer.

Ari takes a look at last week’s spike in the Vix, which signals a jump in short-term market fear as participants scramble for protection via options trades. Going back 25 years or so, it’s paid off to be a contrarian at moments where fear rips to the upside as quickly as it just did. Return…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s