Market On Open - Wednesday 17 January

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Buy Dips, Sell Rips, Wait, Rinse, Repeat

Still no direction from the market. You can sit and do nothing or you can try to buy dips and sell rips, all in the short term. The Vix - a measure of expected (implied) volatility in the S&P500 - has moved up a little in the last couple days which may be related to monthly options expiry which is now firmly in view. For now no sign of a market collapse nor of a rocket-fuelled liftoff. So, play golf or BTD / STR, you choose!

Vix - Trending Up In A Channel

For paying members we now run through our usual charts covering the main US equity indices, associated leveraged ETFs, plus the SOXL TECL and FNGU ETFs as always. Yet to join up as a paying member here at Inner Circle? You can do so right from the links below.

Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.