With equity indexes holding the sp'1772 low, the VIX failed to break the Thursday high, but did hold a small gain into the weekend, settling +1.4% @ 15.76. VIX looks set to weaken into the 14/12 zone next week. Across the week, the VIX gained a notable 14.3%.
On a long term overview, the VIX remains remarkably low. However, with the holidays fast approaching, the market will likely be increasingly subdued, and the VIX should thus melt lower.
Baring a bizarre QE-taper decision next Wednesday by the Fed - which I believe HIGHLY unlikely, the VIX should remain under the big 20 threshold for another 5-7 weeks.
more later..on the indexes