February – Week 3 and 4 update

February 17, 2021

The market is now inching ever closer to the 7,000 mark. Only 120 points away now. Almost at pre-COVID levels.

The ASX VIX (volatility index) remains under 15.

Volatility doesn’t necessarily show market direction (up or down) but the range of average price changes over time.

The S&P/ASX 200 VIX Index (XVI) calculates the amount of volatility expected in the market over the next 30 days.

•  High readings indicate uncertainty (bearish)
•  Normal readings suggest a slight bullish bias
•  Low readings indicate low volatility (bullish) and strong investor confidence.

source: marketindex.com.au

More updates on the market and folio / watchlist companies for members follow.

Members should also check out the new article, The edge in investing lies beyond fundamental analysis.


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