The VIX higher this morning breaking away from its base, currently around the 27 level. 

As investors sift through earnings results this week, the CBOE VIX is currently holding at or above support, trading around 23 – continues to indicate to me we’re due for a pullback. 

Big week for earnings with more than 100 S&P 500 companies reporting this week and a good number of Dow companies as well. 

Market lower this morning, but not a surprise as a correction is a bit overdue. Increasing chatter on Wall Street for a pullback.   

With it being Inauguration Day, a lot of focus on politics, but I think it’s good to separate emotion from the stock market and decision making.  

Despite a short week, it could be an event-filled week with a lot of earnings reports and the inauguration. 

The VIX moving up a little bit above the support area between 21 and 22; something to watch here. 

As the Dow holds to a relatively narrow range, the VIX continues to hold at its base support in the 21/22 area. 

The Russell 2000 powering higher in yesterday’s session; off to a big start in 2021. A few things at play here… 

I often speak about how the stock market is defined in the face of headline stories. I came across a 12/16/18 NYT piece speculating the market would crash in 2019.