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2007-03-05 :: The VIX Says Rally Time

The chart above shows the VIX, or the volatility index. You can see that we have spiked way up on volatility chart after a whole lot of complacency over the past several months. The higher the volatility, the more likely it is that we are going to get a rally, even if it is just a short-term rally. Remember, the computer-based buy and sell programs are tied to charts like this one, so be prepared for a bounce up sometime soon. That will be a good day to reposition portfolios to take advantage of the sectors and sub-groups that should outperform the balance of the year, things like semi-conductors and oil drillers.

More later!

Mark