This Signal is Nonsensical

Keep an eye on the Volatility Index (VIX) this week. [Jeff Clark's Market Minute]( This Signal is Nonsensical By Jeff Clark, editor, Market Minute Keep an eye on the Volatility Index (VIX) this week. It’s on the verge of generating a broad stock market buy signal. Maybe that doesn’t make any sense. After all, the S&P 500 closed Friday at its lowest level in three weeks. The index is trading below its 9- and 20-day exponential moving average lines – which will provide resistance on any bounce attempts. And, we’ve entered the seasonally weak period between August and October. So, it seems a bit nonsensical to be looking for a buy signal. And yet, here we are. Recommended Link [He Declined to Go on CNBC – Now He’s Finally Revealing His “Millionaire Secret”]( [image]( During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret. Jeff politely said no. And now, years later, Jeff is back to finally bring this secret into the light. …Revealing how anyone can collect returns of huge gains in just 8 days… in bullish AND bearish markets! And why you need to IGNORE 99.9% of the market, instead focusing on only ONE stock. [(ticker revealed here)]( Jeff says: “I am tired of watching as investors lose their shirts buying risky assets… even my OWN SON lost -60% in crypto & tech stocks… now I’m going to give him a [“Financial Intervention”]( to help him win his account back in 2023!” [Click Here to Watch Jeff Demonstrate This ONE Stock Secret.]( -- Take a look at this chart of the VIX as of Friday’s close… [(Click here to expand image)]( The VIX generates a buy signal when it first closes above its upper Bollinger Band, and then closes back inside the bands. The VIX has given us two buy signals so far in 2023 (the blue arrows). It’s on the verge of giving us a third. As of Friday, the VIX had closed above its upper Bollinger Band for three straight days. Under normal market conditions, three days is just about the most time the VIX will stray outside of its bands. In extreme conditions, I’ve seen the trend last for as much as six days. But the recent market action doesn’t feel like extreme conditions. So, there’s a good chance we’ll get a VIX buy signal early this week. Here’s how the S&P 500 performed following the two previous buy signals this year… [(Click here to expand image)]( In both cases so far this year, the S&P 500 rallied immediately following the VIX buy signal. The S&P 500 gained over 200 points in less than three weeks following the VIX buy signal in March. It popped 300 points higher in about three weeks in June. We’re now in position for another VIX buy signal at any moment. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. If the bounce follows the same script as the two previous buy signals this year, then the S&P 500 could be trading above 4600 by the end of the month. That’s not a guarantee, of course. Technical conditions remain bearish for the intermediate- and long-term timeframes. And, anything can happen in the short-term. But, VIX buy signals have a strong history of pinpointing stock market rallies. So even with the bearish backdrop of the August to October timeframe, it looks like the stock market is set up for a decent short-term bounce. Best regards and good trading, [Signature] Jeff Clark READER MAILBAG Are there any stocks you’ve been waiting to buy? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [Market Wizard crushed the market in 2022. What’s he got in store for 2023?]( Market Wizard Larry Benedict crushed the market in 2022… He delivered a perfect track record to his One Ticker Trader readers, going 11-for-11. Previously, he went 20 straight years on Wall Street without a single losing year. And when the market plummeted 37% in 2008, he delivered 23% returns… Now he’s sharing an over-the-shoulder “demo” of his winning strategy in action. He calls it the One Ticker Retirement Plan… And it takes less than 10 seconds to demonstrate. [Watch it here.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. 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