Volatility still rising

Market Volatility continues to rise. VXST rides above all other volatility measures. Last week it broke briefly below the other measures and spurred a one day jump in the SPX (lower graph), but broke down below again and now trades at a huge premium to VIX.

The number of stocks above their 20-day moving average continues to retreat and is at extremely low levels last seen in late August of 2015.

The oversold signals are quite strong now and a short lived rally can happen any time.