February – Week 1 and 2 update

February 9, 2021

The market is about 200 points away from 7000. That was the level almost exactly a year ago. We may agree with it, or be shocked at how that’s possible, but that’s what we have in front of us.

The longest uptrend streak since August 2020.

The ASX VIX (volatility index) had inched over 15 last month, but has now settled back under 15.

Volatility doesn’t necessarily show market direction (up or down) but the range of average price changes over time.

The S&P/ASX 200 VIX Index (XVI) calculates the amount of volatility expected in the market over the next 30 days.

•  High readings indicate uncertainty (bearish)
•  Normal readings suggest a slight bullish bias
•  Low readings indicate low volatility (bullish) and strong investor confidence.

Source: marketindex.com.au

More updates on the market and folio / watchlist companies for members follow.

Members should also check out the new article, The edge in investing lies beyond fundamental analysis.


Top

Someone from Sydney (AU) bought a yearly subscription 13 days ago