Nothing like a 300-point swing to light up the volatility index. That’s pretty much what happened last Friday, as the Dow Jones Industrial Average (DJIA) started the day with a nice little 70-point gain in the morning.
From that point on, however, investors seemed to lose their appetite for equities, as the Dow trended steadily downward for the remainder of the day. Steadily, that is, until the last 15 minutes of the trading session, when a sharp drop ensued as sellers proceeded without any noticeable resistance into the close.
Read more about ETF Periscope: Bears Eye Recent VIX Pop With Considerable Interest