Fear gauge breakdown means stocks are set to break out, says top chart analyst Katie Stockton

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Fairlead Strategies' Katie Stockton says the CBOE Volatility index hitting multi-year lows indicates the market will have a break out moment this year.

Stocks could see solid gains in the near future as Wall Street's so-called fear gauge falls, according to Katie Stockton, founder and manager of Fairlead Strategies. The CBOE Volatility Index , or VIX, fell last week to its lowest level since November 2021. The VIX is widely looked at by investors as a gauge of uncertainty in the market. It uses S & P 500 stock index options prices to measure the market's expectations of near-term volatility.

VIX YTD mountain CBOE Volatility Index has reached multi-year lows in April 2023 The chart analyst noted, however, that she expects some weakness in near term before the breakout occurs. However, she noted that the Moving Average Convergence/Divergence Indicator, or the MACD indicator, has also turned down lately, giving hope for an upturn later in the year. "The daily MACD indicator [has] been one of the best market timing devices over the past year or so.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT

Portugal Últimas Notícias, Portugal Manchetes