Third Week of Chop
The market got into its sideways range starting about December 16th and is still in that zone. They say don’t short a quiet market, but it is also hard to see where strength will be coming in from. In this week’s edition of Moxie Indicator Minutes, TG explains that the VIX is set up in a bullish manner, but nothing has moved or triggered yet. The big names are still weak, and gold is diverging from silver. Is there a clue there?
This video was originally broadcast on January 6, 2023. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, iOS, Chromecast, Android, and more!
New episodes of Moxie Indicator Minutes air Fridays at 12pm ET on StockCharts TV. Archived episodes of the show are available at this link.