(VIANEWS) – CBOE (VIX) is currently on bullish momentum. At 10:08 EST on Wednesday, 4 August, CBOE (VIX) is at 18.65, 3.38% up since the last session’s close.
About CBOE’s daily highs and lows, it’s 5.37% up from its trailing 24 hours low of $17.70 and 8.76% down from its trailing 24 hours high of $20.44.
Concerning CBOE’s yearly highs and lows, it’s 32.27% up from its 52-week low and 54.69% down from its 52-week high.
CBOE’s last week, last month’s, and last quarter’s current volatility was a negative 0.09%, a positive 0.55%, and a positive 7.15%, respectively.
CBOE’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 5.16% (last week), 7.14% (last month), and 7.15% (last quarter), respectively.
Index Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, CBOE’s is considered to be overbought (>=80).
News about S&P 500
According to FXStreet on Monday, 2 August, "It is worth noting that S&P 500 Futures were trading at 4,408, up 0.44% for the day."
According to Business Insider on Sunday, 1 August, "Looking forward, 19 S&P 500 companies have issued negative earnings guidance for the third quarter, while 29 companies have issued positive earnings guidance.", "The S&P 500 currently trades at a 12-month forward price-to-earnings ratio of 21.2x, which is lower than its recent reading of about 22x, but higher than its five an ten-year average of 18.1x and 16.2x, respectively, according to FactSet."
According to CNBC on Sunday, 1 August, "The S&P 500 and Dow are less than 1% from their all-time highs while the tech-heavy Nasdaq is 1% away."
According to Business Insider on Sunday, 1 August, "The Dow sank 149.06 points or 0.42 percent to finish at 34,935.47, while the NASDAQ dropped 105.59 points or 0.71 percent to end at 14,672.68 and the S&P 500 fell 23.89 points or 0.54 percent to close at 4,395.26."
According to Business Insider on Sunday, 1 August, "The average stock in the portfolio has risen 35.9% over its history compared to, again, an average of 14.6% for S&P 500 components. ", "49% of S&P 500 members have experienced a drawdown greater than 10% since May 1, while the index has not corrected more than 4%," Morgan Stanley Chief US Equities Strategist and Chief Investment Officer Michael Wilson wrote in a recent note to clients. "
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