Thursday, 11 July 2013

Volatility breaks into the 13s

With the main equity indexes seeing very significant gains of around 1.5%, the VIX was naturally weak for the entire day. After breaking into the 13s, the VIX closed -1.4%  @ 14.01. VIX is now so low the daily moves are largely to be considered as 'mere noise'.




It would seem that even though the market is continuing to ramp, the VIX is no longer going to keep dropping like a rock.

Today's decline was very minor, and it appears the VIX is now content to just trade within an exceptionally narrow range in the 14/12s.

Even if sp'1740/60 in August, it would now appear somewhat unlikely that we'll see VIX 11/10.

more later..on those bullish indexes