the volatilty index

Vacation-shortened week, not much to report other than the VIX/volatility is at a near-term triple bottom which if the support holds means more volatility in the near future.

DJIA 10,424.62 +102.32

NASDAQ 2,269.47 +23.58

SP500 1,102.66 +8.99

9500 here we come?

After make a new lower high, the indices appear to be heading back to the lower edge of their trend channel which on the DJIA looks to be about 9500 give or take a few points between friends.

Summer is here...the markets are selling off. Not much else new. New marketing campaign underway with some heavy hitters with connex to new pools of investors. Focusing on the yield from that venture to be sure.

Financial regulation looks to be the latest greatest invention to keep capitalism from running wild. We'll have to see if it works this time around.

Couple of good books are keeping my attention these days, one is the story of the death of LEH and the other is a diary of a HF manager. Both are entertaining and informative.

From the long perspective, oil is struggling and GLD is hanging on but looking under pressure. The VIX hit a recent double bottom in the 23-24 range and that support could mean the markets are in for more wild days ahead.

Short week as vacation is on the horizon. Gotta grab that hot sunny weather when it is here...soon we'll be walking in a winter wonderland once again.

DJIA 10,097.90 -261.41

NASDAQ 2,179.05 -70.03

SP500 1,064.88 -31.60

the teeter-totter won't stop

Another volatile day on the street with the major averages up around 3%. It will be interesting to see it the DJIA can move all the way back to recent highs around 10500 before beginning the next leg down. Or to throw more confusion in the mix, it will break past that before making its move to lower lows.

Oil seems to be suffering a bit as of late which is still baffling given the hype surrounding The Spill. Here is a great reason/excuse to ramp up the price of the commodity by Big Oil and it hasn't happened yet.

Well, vacation is over, back to the grind, a short week seems even shorter for some reason.

Hot hot hot, what else can you say. Triple digits with high humidity. Some of us even search out a higher level of heat.

The world cup ends Sunday, could one ask for a better set of teams? Should be a great game, pulling for the Orange but looks like this is the day for Espana.

DJIA 10,018.28 +274.66

NASDAQ 2,159.47 +65.69

SP500 1,060.27 +32.21