Monday 10 February 2014

Volatility melts lower

With the equity market continuing its climb from the Wednesday low of sp'1737, the VIX continues to weaken, closing lower for a third consecutive day, -0.2% @ 15.26. Near term outlook is for VIX to remain in the 17-14 zone.


vix'60min


vix'daily3


Summary

Little to add. VIX looks set to remain under the big 20 threshold until sp' breaks back under 1770, and that looks rather unlikely in the immediate term.
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more later..on the indexes