Volatility moderately higher

With equities beginning the year somewhat weak, the VIX continued to claw higher, settling +3.7% @ 14.23. Near term outlook is for the VIX to remain in the mid/low teens. VIX looks set to remain <20 for at least another 2-3 weeks.


VIX'60min

VIX'daily3

Summary

The fourth consecutive daily gain for the VIX, but the daily candle is a black-doji, and VIX will probably go no higher than 15 in the coming days.

VIX is low, and it won't take much of an up day in the equity market to knock VIX back into the 13/12s.
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more later on the indexes...