Wednesday, 26 September 2012

Volatility jumps again

With the indexes showing some further moderate weakness, the VIX confirmed the market concerns and closed higher by around 9%, to close in the high 16s.


VIX, daily


It looks like 18.50/19.00 is a valid target for Thursday, along with sp'1420.

However, that could easily be it for this down cycle from sp'1474, and my best guess is that it will be.

Seeking an exit at sp'1420, with VIX 18/19, early Thursday