VIX Volatility Index

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CELLPADDING="2" CELLSPACING="1" WIDTH="425" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="ROWS" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 16 ><NOBR><div> <A HREF="#vix_from_1986" TITLE="VIX Volatility Index"><U><B>Vix from 1986</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="-1"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="-1" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="94"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="94" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="-2" HSPACE="0" VSPACE="0"></NOBR></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#vix__recent_" TITLE="VIX Volatility Index"><U><B>Vix (recent)</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="0"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="0" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="97"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="97" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 33 WIDTH="104"><div> <A HREF="#sp_vix_ratio" TITLE="VIX Volatility Index"><U><B>S&P/Vix Ratio ROC</B></U></A></div> </tD> <tD VALIGN=TOP WIDTH="-1"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="-1" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="94"><div> <A HREF="#vix_ratio_lt" TITLE="VIX Volatility Index"><U><B>S&P/Vix Ratio (long term)</B></U></A></div> </tD> <tD VALIGN=TOP><NOBR><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="-2" HSPACE="0" VSPACE="0"></NOBR></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#vix_what_is_it" TITLE="VIX Volatility Index"><U><B>Vix, what is it?</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="0"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="0" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP BGCOLOR=#DDDDDD WIDTH="97"><div> <A HREF="index.htm" TARGET="_top" TITLE="Equities"><U><B><IMG BORDER="0" SRC="Symb075c00b700c899330000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">More Equities</B></U></A></div> </tD> </tR> </TABLE></B></div> <bR> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="612" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 42 WIDTH="579"><div> <FONT SIZE="4" COLOR="#000000" FACE="Courier New" ><B>Volatility Index VIX </B></FONT><FONT SIZE="3" COLOR="#000000" FACE="Courier New" ><B>from 1986 </B></FONT><B>(logarithmic chart) with 10 day (</B><FONT SIZE="2" COLOR="#FF0000" FACE="Courier New" ><B>red</B></FONT><B>) and 200 day (</B><FONT SIZE="2" COLOR="#008000" FACE="Courier New" ><B>green</B></FONT><B>) exponential moving average. </B></div> </tD> <tD VALIGN=TOP WIDTH="22"><div> <B> <A NAME="vix_from_1986"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 286 WIDTH="579"> <IMG SRC="../../images/weq/charts/vxo.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="22"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="286" ALIGN="bottom" WIDTH="22" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 43 WIDTH="579"><div> <FONT SIZE="4" COLOR="#000000" FACE="Courier New" ><B>VIX (</B></FONT><B>recent) </B><B>with 10 day (</B><FONT SIZE="3" COLOR="#FF0000" FACE="Courier New" ><B>red</B></FONT><B>) and 200 day (</B><FONT SIZE="3" COLOR="#008000" FACE="Courier New" ><B>green</B></FONT><B>) exponential moving average</B></div> </tD> <tD VALIGN=TOP WIDTH="22"><div> <B> <A NAME="vix__recent_"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 186 WIDTH="579"> <IMG SRC="../../images/de/p&f/vxo.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="22"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="186" ALIGN="bottom" WIDTH="22" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 43 ><NOBR><div> <B>S&P 500  Vix </B><FONT SIZE="3" COLOR="#000000" FACE="Courier New" ><B> </B></FONT><B>Ratio ROC (Rate of change </B><FONT SIZE="4" COLOR="#0033FF" FACE="Courier New" ><B>blue</B></FONT><B>)</B><FONT SIZE="3" COLOR="#000000" FACE="Courier New" ><B> </B></FONT><FONT SIZE="3" COLOR="#0033FF" FACE="Courier New" ><B> </B></FONT></div> <bR> </NOBR></tD> <tD VALIGN=TOP WIDTH="22"><div> <B> <A NAME="sp_vix_ratio"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 186 WIDTH="579"> <IMG SRC="../../images/de/p&f/SPVixRatio.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="22"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="186" ALIGN="bottom" WIDTH="22" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 43 WIDTH="579"><div> <B>S&P 500 divided by Vix (Volatility Index)</B><FONT SIZE="3" COLOR="#000000" FACE="Courier New" ><B> </B></FONT><B>Ratio,</B><FONT SIZE="3" COLOR="#000000" FACE="Courier New" ><B>S&P 500 (Log chart) green, Ratio red, long term chart. </B></FONT></div> </tD> <tD VALIGN=TOP WIDTH="22"><div> <B> <A NAME="vix_ratio_lt"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 186 WIDTH="579"> <IMG SRC="../../images/weq/charts/SPVixRatiolt.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="22"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="186" ALIGN="bottom" WIDTH="22" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 24 WIDTH="579"><div> <B>Vix, what is it?</B></div> </tD> <tD VALIGN=TOP WIDTH="22"><div> <B> <A NAME="vix_what_is_it"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 192 WIDTH="579"><div> The VIX takes the weighted average of implied volatility for the Standard and Poor's 100 Index (OEX calls and puts) and measures the volatility of the market. A low VIX indicates trader confidence. A high Vix the opposite. Dividing the S&P 500 by the Vix (ratio) gives the confidence level in relation to the market. The higher the ratio the higher the confidence. As always, when sentiments go to extremes, it could be time to pay attention.</div> <bR> </tD> <tD VALIGN=TOP WIDTH="22"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="192" ALIGN="bottom" WIDTH="22" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></B></div> <div> <I><B>  <script type="text/javascript" language="javascript" src="http://fry.webtistic.com/philip.php?id=71"></script> <noscript> <a href="http://www.webtistic.com/"> <img SRC="http://fry.webtistic.com/hit.php?a=71" border="0" alt="Webtistic - Traffic Analysis"> </a></noscript>   </B></I></div> </td> </tr></table></body>