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IncomeSharks / ARTICLE

S&P 500 and VIX Seeing that post Triple Witching action continue to play out which at the time doesn't seem likely. Still hard to get a full read on the market which loves changing on a dime but there's still something to note with the OBV that we never made a higher OBV even though price went up so much higher. I haven't seen that before with the markets and the lockout rally and massive retail surge was quite impressive in hindsight. With less liquidity and volume they were able to push the markets up substantially higher with narratives like AI, memory, etc. VIX starting to flit with going back above 20 After a pretty slow few weeks as far as volatility and VIX we are starting to see a little more action pushing it up. It can chop back and forth for a while but you can kind of feel the enthusiasm of the market getting drained a bit. A big reason is seeing that high beta stocks (RUT) is down now after it had a nice day a few days back which gets everyone excited again. SPXU hedge up, not the one you want to see looking good Still holding 15% of the portfolio in a 3x leveraged SPX hedge and if we break down the support (dotted line) it might get a little uglier. Obviously stocks have proven their resilience and long term always better to be bullish but we are still in a midterm year and although the first 6 months has been pretty wild we could see the remaining 6 months be wild in a different way. Long term positions are fine, just have to stomach some possible volatility if we lose support.

Published Jul 23, 2026Updated Jul 23, 20264 min read
S&P 500 and VIX Seeing that post Triple Witching action continue to play out which at the time doesn't seem likely. Still hard to get a full read on the market which loves changing on a dime but there's still something to note with the OBV that we never made a higher OBV even though price went up so much higher. I haven't seen that before with the markets and the lockout rally and massive retail surge was quite impressive in hindsight. With less liquidity and volume they were able to push the markets up substantially higher with narratives like AI, memory, etc. VIX starting to flit with going back above 20 After a pretty slow few weeks as far as volatility and VIX we are starting to see a little more action pushing it up. It can chop back and forth for a while but you can kind of feel the enthusiasm of the market getting drained a bit. A big reason is seeing that high beta stocks (RUT) is down now after it had a nice day a few days back which gets everyone excited again. SPXU hedge up, not the one you want to see looking good Still holding 15% of the portfolio in a 3x leveraged SPX hedge and if we break down the support (dotted line) it might get a little uglier. Obviously stocks have proven their resilience and long term always better to be bullish but we are still in a midterm year and although the first 6 months has been pretty wild we could see the remaining 6 months be wild in a different way. Long term positions are fine, just have to stomach some possible volatility if we lose support.