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Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Mike's Mid Day Markets

Bullish Bias on VIX
Thursday, May 24th 2018 By Mike Paulenoff
Cash VIX-- amazingly has given back all of its huge gains from its Feb. explosion 13 to 50, but the past 6-7 weeks of action has taken the form of a Coil Formation that is near or in the apex of the pattern, suggesting that a violent breakout is coming. The only question is which direction? The overall pattern and anecdotal technical set-up leave me with a bullish bias for a run at resistance at 14.15/60, which if taken out, should trigger all manner of algo buy signals... Last is ... Read More

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