in chart talk this morning, dan deming of stutland equities joins us. good morning dan. it has been a while. > > it has angie. thanks. > we heard from a trader at the top of the show who was mostly bullish on buying this market right now. you tend to be bearish. what is your feeling? > > "cautious" is what i like to say. > cautious. > > it's interesting. right now, from a technical standpoint, you'd have to say that all things look pretty good. but, we have seen the technical indicators kind of give misleading signs this past year. we have seen the market kind of break down, where technically we were supposed to get out of the market. so, really the technical indicators have been a little bit of, not too great of indicators so far. but, from that standpoint, you are looking at the s&p right now pushing up toward those november highs. we are back up toward those highs right before the election. we saw that in the nasdaq as well, and the dow. all three major indices are right there. from a technical standpoint, if you look at the s&p 500, we broke through that 50-day movin

dan deming of stutland equities joins us this morning for chart talk. hi dan.what's happening with the vix? > > hey chuck. you are certainly seeing some strength there, some concerns as we roll toward the end of the year with no deal out of washington. you are seeing some vol buyers enter the market on a daily basis now. even though we have seen the market down the last five days after reaching a peak in the s&p of 1447. it is not down significantly, yet we are still seeing pretty active vol buyers, and you are seeing the vix up around that 19.5 level - it has not been there since july of this year. > we also had a quadruple witching day which has now passed. i expect that probably factored in a little bit. but do you expect less volatility now? > > actually it is hard to say. i think there are still going to be concerns as we roll in toward the beginning of the year. if there is no deal, i think you are going to continue to see vol buyers into january, because the expectations are the s&p could slip significantly if nothing gets done. we are trending right now

let's talk now to trader dan deming of stutland equities about this crazy market dan. > > for sure angie. > i feel like investors are confused, washington is confused. is the market confused as well? > > the market is having some difficulty kind of interpreting what is going on in washington, let alone the economy and what the impact is really going to be. i think that is the key right now. the market's reacted very positively overall to this potential resolution of the fiscal cliff. but, if you think about it on its surface, whatever the resolution is going to be, it's not going to be particularly good for the economy, at least probably over the next year or so. so, nonetheless, the market still feels that any resolution will give the ability for this market to continue to push higher based on reaction we are seeing in the market. however, i do want to add one caveat to that, which is over the course of the last couple days we have seen the vix actually creeping up as well. so now you are seeing volatility expectations creeping up in december. that is very unusual, even though the marke