• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

September volume has accelerated well above the levels the US market saw in August. The negative volumetric "Trend" in this Bear market remains. Rallies are to lower highs on low volume, while selloffs to lower lows are met with heightened volume.

At the same time, the Volatility Index (VIX) is breaking out this morning, trading +6% at 22.65 as the US market hits her intraday lows. From a quantitative perspective in my model, a VIX trading anywhere north of the 21.63 level is bearish for US stocks.

From a risk factor perspective (for those of you who manage risk), these are two glaringly obvious facts. Both are "Trends". Both are negative.

Be careful out there,
KM
(picture: http://images.quickblogcast.com/860/grizzly.png)