+20% Spike: S&P 500 Volatility Index (VIX) - In The Money & Approaching Target
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Please Note: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes.
Chart as of 21h17 (Wednesday, 16 September)
Previous Post (20 August)
Buy Idea: Volatility Index:
Published 12h28 (South African Time) on 20 August 2026.
Key Drivers:
The surge in US (and global) bond yields has not been a problem for equities however, intervention by the officials may raise cause for concern.
Our technical screeners (using ETFs) reflect an extreme lack of oversold instruments and a vast number of overbought instruments
S&P 500 Index +38% above it's 200-week SMA (2nd highest reading since the year 2000). In addition, a bearish distance divergence is present.
72% of S&P 500 shares trade above their 200-day simple moving averages. While this is healthy, this is at the upper boundary of a 5-year range.
Volatility seasonality - nearing a period (measured over 20 years of data) where the VIX has shown historical elevation.
Buy at current levels (15.15) or lower
Stop-loss: 12.20
Target: 20.00
Lester Davids
Senior Investment Analyst: Unum Capital
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