Billy,
Great review.
A little off topic, but any ideas why the CBOE Implied Correlation indices are so somnolent? Same for the VIX. One would think they'd be showing a bit more pep at this point.
Billy,
Great review.
A little off topic, but any ideas why the CBOE Implied Correlation indices are so somnolent? Same for the VIX. One would think they'd be showing a bit more pep at this point.
Adam,
I've stopped using the VIX as a consistent meaningful indicator long ago, whatever everybody else is trying to prove me.
I have no clue about the correlation indices. I watch them flashing false signals without any consequences anymore. So I've stopped writing about them, just as English Bob.
These indicators (VIX and all) are all derived from the option market and are not reflecting the true state of the underlying stock market anymore, because too many sophisticated strategies are widespread and can skew the classic interpretations.
Billy
Thanks. Obviously, I'm trying to decipher current status of fear/greed among investors through these or other indices. It seems tougher to do these days.
Billy: Do you use 5 day for calculating ATR? I am almost positive that you use 5 day, but wanted to make sure.
Thanks.