Volatility back down again

With the equity indexes battling higher across the day, the VIX lost most of the gains from Monday. The fact that the VIX slipped into the 11s for the second consecutive day, was again testament to a market that has zero fear. The VIX settled -7.5% @ 12.28, with an intraday low of 11.96.


vix'60min

vix'daily3

Summary

Little to add. Market remains very confident in the near term, and with the VIX breaking into the 11s today - something even I thought might not happen this week, equity bears look toast...again.

The big VIX 20 threshold...sure does look a long way up, and I remain wondering if we'll see VIX 20 at all this spring.
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more later, on the indexes