| | | | TURNMIRE TRADING NEWS MINUTE
Another Anomaly
On yesterday's Morning Monster, Jeffry Turnmire alerted viewers to an intriguing market anomaly he spotted in the market.
In most normal markets, the highest volatility is experienced on down days. It makes sense for traders to panic as markets are going down.
But the "volatility anomaly" he spotted indicates that for the last 2 years, the highest volatility days are happening on up days, which is unusual.
He went on to explain that this is not the VIX climbing — this is realized market volatility, particularly in the NASDAQ.
Jeffry explained that this pattern — volatility climbing on up days — was historically unusual and might indicate significant market shifts.
Referencing charts from Bloomberg and Bank of America, he noted that both sources had independently identified similar trends.
"This kind of volatility on up days could be indicative of a market top," he suggested. "The last time we saw something like this, it signaled major changes. It's another thing to keep your spidey sense alert for."
To catch all the details and see the charts Jeffry discussed, be sure to watch yesterday's Morning Monster starting at 1:56.
— The Jeffry Turnmire Trading Team | | | | |
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