I leave you this week with a monthly chart of the VIX. Notice how we broke out of the wedge and now have pullback to retest it. Once the new year resumes we will be looking for a bounce off this level which would induce selling in the broader market. If we can break lower on the VIX then the markets should continue higher.

Stay tuned for new things to come in 2012!

Grab the RSS Feed to have the daily watch list delivered via email.