Author Archives: nextopti

Small-Caps Slack After Weekly Pullback

The major indexes easily remained in their current uptrend channels while making higher highs throughout the week. The one index that slacked were the small-caps as the Russell was down about 1% for the week. This wasn’t too surprising as the index outpaced the other major indexes over the prior two weeks. Shaky but key […]

Checking the Volatility Index (VIX)

The Volatility Index (VIX) remained rangebound between 15-17.50 throughout all of last week and over the past six sessions. Another close below 15 would likely confirm higher market highs with another retest to 13.50 possible. If we go out on a limb, we think the VIX could trade down to 12.75-11.50 in January and during the first-quarter […]

Nvidia (NVDA) Added to the Dow

The Dow notched its 44th record close of the year and jumped back into its prior uptrend channel. The newly adjusted uptrend channel now has key support in the middle at 43,250. Backup help is at 42,500 and now represents the bottom of the uptrend channel. The middle of the uptrend channel is at at […]