VIX is getting high, but in recent months, it has been bullish for the markets…

VIX top

 

Source: StockingVIX.com

SharePlanner Market Compass:

Stock-Market-Compass-Pullback

Wouldn’t be surprised if we bounced with the elevated VIX, but for now we are in official pullback mode. 

Quick Glance at the Market Heat Map and Industries 

heat map

Notables:

  • Bad sign for the markets as smart money jumps into utilities. 
  • Banks and Tech were a disaster. 
  • Minor splotches of green in Consumer Goods

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And of course…the RIDICULOUS! 

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