Volatility on the slide

With the main indexes closing higher, the VIX was naturally weak across the day, settling -5.5% @ 12.66. Near term outlook is for the VIX to remain within the 13/11 range...and perhaps 15/16 by mid December. VIX >20 looks unlikely until late Jan'2014.


VIX'60min

VIX'daily3

Summary

Another day for the equity bulls, and again, we have a VIX that quickly slips back to very low levels.

There really isn't much else to add.

The only issue is whether the VIX will put in a weekly close in the 11s, not that it matters much.
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more later on the indexes