Volatility melting lower

With the main indexes holding onto moderate gains, the VIX slipped a little lower, settling -1.9% @ 13.19. The VIX looks set to remain in the mid/low teens for the rest of the year. It remains a fearless market, with the mainstream realisation that QE-taper is unlikely until late spring 2014.


vix'60min

vix'daily3

Summary

There is little to add. VIX remains low, and at best..a brief spike to the 15s looks possible, before falling again into early November.

Right now, VIX breaking back above the key 20 threshold looks almost impossible for the remainder of this year.

more later..on the indexes