Thursday, 12 May 2016

VIX still lacking upside power

Despite the market swinging lower from opening gains, the VIX still failed to show any sig' upside power (intra high 15.42), settling -1.9% @ 14.41. Near term outlook threatens the sp'2090/2100 zone.. which would likely equate to VIX 12s. The key 20 threshold looks as out of reach as ever.




Suffice to add... the VIX remains broadly subdued. There are sporadic little upside bursts of 3-5%... but they just don't hold, and the VIX looks set to remain stuck under the 20 threshold until late May.

more later... on the indexes