Volatility spikes into the weekend

With the main indexes seeing some closing hour weakness, the VIX spiked, settling +5.55% @ 13.70.    Across the week, the VIX gained 11.75%. Near term outlook is for the VIX to remain in the 11/15 zone. VIX 20s remain unlikely until late Jan'2014.


VIX'60min

VIX'daily3

VIX'weekly

Summary

Little to add.

VIX remains low..and set to remain that way until January.

Minor opportunity for a spike into the mid teens..but really. even that doesn't merit any serious attention.
--

more later...on the indexes