Thursday, 17 March 2016

VIX continues to cool

With US equities breaking another new cycle high of sp'2046, the VIX was naturally continuing to melt lower (intra low 13.82), settling -3.7% @ 14.44.  Near term outlook threatens the sp'2050/55 zone, which will likely equate to VIX in the 13s again.. before next opportunity of a sustained push toward the key 20 threshold by end month.




Suffice to add, the VIX is back to levels last seen in early November 2015.. when the sp'500 was in the 2110s.

On any basis, the VIX is now on the extremely low end of the cycle, and there is increasing threat of a new up wave to the key 20 threshold before end month.

more later... on the indexes