Breadth, VIX, and Trends Give Slight Edge to Bulls
April 27, 2012 at 11:09 AM EDT
On April 26, we mentioned the chart of the VIX “Fear Index” (VXX) relative to the S&P 500 (SPY) represented a good way to monitor risk in an environment with some conflicting signals. An updated version of the chart, as of Thursday’s close, is shown below. The bulls made some progress with the blue upward-sloping [...]