A few weeks back I talked about the VIX and how it had slowly established a new rising support line starting at the end of 2018. Which in turn ties directly into last week’s post in which I suggested that the recent rally in equities was one of the most feared and perhaps most hated as well.

Santa checked his stock portfolio yesterday and finally decided that he was done playing nice. Waved his magic wand, which strangely enough looks a bit like a switchblade from certain angles, and poofff – we suddenly got a VIX Buy Signal on the roster. Which is exactly what I was waiting for and represents one of the reasons why I took out a lottery long just before the EOS yesterday. Thank  you Santa!

MILLENNIAL TRIGGER WARNING: if you happen to be permabear then please top reading and immediately proceed to your safe space or nearest sensory deprivation chamber. For you are most definitely not going to like this post as it contains unpixeled bullish imagery as well as politically incorrect discourse. For everyone else: Our millimeter wave array in the Atacama desert has received a mysterious signal and expert consensus at this time points toward a VIX Buy Signal.

Just in case the featured clickbait image got you here: A VIX Buy signal probably doesn’t mean what you think it means as it’s actually relative to equities, and thus inverts on the VIX. In other words a VIX Buy signal suggests higher prices in equities and a drop in implied volatility across the board. Be this as it may – one triggered yesterday and one wonders if this market could get any stranger.