Tuesday 6 August 2013

Volatility holds moderate gains

With the main indexes weak across the day, the VIX managed to finally hold onto some gains, settling +7.4% @ 12.72. Near term trend though is still very choppy, and if the sp'1715/25 zone is hit, VIX could again briefly slip into the 11s.


VIX'60min


VIX'daily3


Summary

So, moderate gains for the VIX, but it still remains in the bizarrely low 12s. Even the 14/15s remain 'difficult' in the very near term.

Its going to take some kind of major market upset just to briefly break back into the 20s. Right now, that doesn't look viable until mid September.
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more later..on the indexes