I have written a few articles about marijuana stocks. This article is an update on marijuana related legislation and past stock selections, as well as a quick discussion on one new selection for my watch list.« Continue »
The goal of this discussion is to explain the basics of Elliott Wave Theory and how it is compatible with a market which is driven, as a whole, by fundamentals and news. For this article, I am going to assume that the basics of Elliott Wave Theory are understood. It will therefore be very brief.« Continue »
While I do not use Fibonacci retracement and extensions very much, drawing a retracement study from the most recent high to the most recent low, it is clear that the index has spent a lot of time around a few price levels: 11.79, 12.34, and 13.24. If the VIX breaks above this level, we could see a movement to the 161.6% level which would place the VIX at 14.70. This would place the VIX above its 50, 100, and 200 day moving averages.