Volatility remains subdued

With equities remaining in a tight trading range, the VIX remains very subdued, settling -3.5% @ 13.31. Across the week the VIX gained 1.4%. Near term outlook offers the upper teens, but a break/hold above the 20 threshold looks highly unlikely in the rest of 2014.


VIX'daily'3

VIX'weekly

Summary

Little to add.

A moderate jump in the VIX seems a given before mid December, but even the 16/17s look difficult on the first push higher next week.

With no realistic hope of sub sp'1900s for some months, there seems ZERO point in being long VIX.
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more later... on the indexes