Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look. 

A Simple Visual: Why Stocks Continue to Hit All-Time Highs - 12.12.17 EL Chart

The most critical component to my quantitative signaling process is measuring and mapping the relationship between PRICE and VOLATILITY. While we’ve seen clusters of short-term US Equity Volatility this year, they haven’t manifested into TRENDING volatility. 

VIX was down another -16% last week taking its 2017 crash to -32% YTD. Every short-term VIX cluster of volatility has been to a lower-high in 2017.

A Simple Visual: Why Stocks Continue to Hit All-Time Highs - early look