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home / news releases / SPDN - U.S. Stocks: VIX Decline Warns Of Relief Rally


SPDN - U.S. Stocks: VIX Decline Warns Of Relief Rally

We noted at the start of the month that market breadth warned of an impending top (see 'Not All All-Time Highs Are Equal') and after 7% and 11% declines for the SPX and NDX, their uptrends have been decisively broken. That said, last week's decline in the VIX, together with the resilience of market internals, credit spreads, and international stocks, suggests risk appetite is stabilizing and a relief rally is due. We have lightened up on our U.S. short positions but note that a close back above 30 on the VIX would suggest

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Stock Information

Company Name: Direxion Daily S&P 500 Bear 1X Shares
Stock Symbol: SPDN
Market: NYSE

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