The Market Volatility Index(VIX) is trading higher today by 0.85 cents. Recently, the VIX has traded sharply lower over the past month as the stock market has inflated higher. Often many traders and investors will look at the VIX as a fear gauge. Therefore, when the VIX declines it is an indication that there is very little fear in the market place. Today is a very light volume trading session as many traders are already in holiday mode sipping cocktails at their desk. This move higher today in the VIX may not mean much, however, it should watched closely over the next week. The VIX will have intra-day resistance around the $16.50 area.
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