Volatility slips into the 12s

With the main indexes closing somewhat higher, the VIX naturally remains very subdued, settling -2.6% @ 12.93. VIX looks set to remain in the low/mid teens for the remainder of the year. It would seem the earliest opportunity for VIX >20, is mid/late Jan' 2014.


VIX'60min

VIX'daily3

Summary

There is little to add. The indexes are in algo-bot melt mode, and the VIX is effectively flat lining..and today, VIX even lost the low teens.

There is moderate threat of VIX 15/16 later this week, but with heavy QE-pomo, equity bears face the usual problems.

*Even I don't expect single digit VIX in the remainder of this year..but we might get kinda close. VIX 11s look viable if sp'1800s.

more later...on the indexes