Tuesday, 16 July 2013

Volatility moderately higher

With the main indexes closing lower for the first time in nine trading days, the VIX managed a small gain, closing +4.6% @ 14.42. In the scheme of things though, this is a negligible move, and even VIX 15s won't mean much...if hit later this week.




So, a small gain for the VIX, and it remains at what are the lowly 14s.

With indexes still looking like they will see continued upside into early August, VIX still looks set for the 12s..at least briefly.

Underlying MACD (blue bar histogram) ticked higher for the fourth consecutive day, but won't likely be in positive territory until early next week.

more later..on the indexes