12pm update - VIX 11s

With the main indexes flipping back to fractionally green, the VIX has broken a new low for 2013..in the 11s. This was indeed expected, and its very likely the rest of this week will remain in the 12-11 range. Whether the sp' will make a play to break the Oct' 2007 high of 1576..we'll soon see.


sp'daily5

vix'daily3

Summary

As I thought, today..and probably this week will just  be another frustrating week for the bears.

There seems absolutely no point in attempting an index re-short - or long VIX, until next week.

I recognise, a fair few chartists out there are suggesting the same kinda thing.

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Regardless of the main indexes, I am currently long, via SLV and USO, from earlier this morning.
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VIX update, from Mr T.




back at 2pm