Friday, 18 March 2016

A fifth weekly VIX decline

With equities broadly climbing for a fifth consecutive week, the VIX was naturally still in cooling mode (intra low 13.75), settling the day -2.9% @ 14.02. Across the week, the VIX saw a very significant net decline of -15.0%.





Suffice to add, the VIX has now cooled from the Feb'11th high of 30.90 to the 13s.. pretty incredible.

On any fair basis, the VIX is now on the extremely low end of the cycle, and it seems just a matter of when it'll see renewed upside to test the key 20 threshold.

*I'm still seeking to be long VIX - via TVIX. For the moment, I'm holding off on the notion that WTIC Oil is headed to the $44/45s next week, and that would likely equate to sp'2070/80, with VIX remaining pinned in the low teens.. if not briefly 12s.

more later... on the indexes