Forward P/E ratios are approaching fair value -- which may slow the pace of progress.
The VIX has reached an important support level.
We now have a setup for the S&P 500 to creep higher over the next couple of days.
This type of price behavior almost always results in at least a mild selloff over the next couple of days.
Yes, the yield curve inverted, but it is NOT the same as in years past.
The intraday action on Tuesday was troubling, as selling that appeared late in the day pushed most of the indices back to their intraday lows.
As the stock indices embark on a breakout move in price, the VIX is showing massive complacency.
The pros are anticipating some near-term weakness.
Here's a nice options play on the VIX continuing its depression over the next week.
The market will fall again at some point. Are you prepared for that moment?