VIX'daily3
Summary
As expected, we're just seeing the VIX slip lower. Unlike last year when the market was getting real twitchy about the budget, there is nothing in the immediate term.
What will be interesting is how we close the year. Considering the setup, VIX 11s by Dec'31 wouldn't surprise me. Hell, even the 10s..if we can claw into the sp'1840/50s.
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Not many are talking about it lately, but NFLX is comfortably cruising higher..after that little whipsaw at the most recent earnings.
The $400s look a given...the only issue is whether $500s are viable by late spring..before the next smack down for the broader market.