Thursday, December 7, 2006

$VIX - Volatility Index

The Dow-30 slipped only a quarter percent, but the volatility index scooted up a full point on heavy put buying ahead of tomorrow's employment data. The put buy reflects worry and defensiveness ahead of that data series - we'll see if those folks turn out to be correct. The pre employment jitters were enough to turn gold back from a test all the way to support at the $629 level.

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