Friday 20 June 2014

Significant weekly declines for the VIX

With the US equity market breaking new historic highs, the VIX was naturally lower. The VIX saw net weekly declines of a very significant -10.9%, settling at 10.85. The near term outlook offers a minor spike to 13/14, before further weakness into mid July.


VIX'daily3


VIX'weekly


Summary

Suffice to say, the VIX remains extremely low, but this situation could last many weeks..perhaps even months.

As it is, I am STILL holding to a viable brief.. but very sharp down wave in equities later this summer, and that would most certainly offer VIX in the 25/35 zone.

*I have NO interest in picking up any bullish VIX positions until at least July'16th.

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more later... on the indexes