Volatility a little higher

Despite some rather significant declines in the R2K - and moderate declines in other indexes, the VIX was very muted for much of the day, settling with minor gains of 4.2% @ 14.80. Near term outlook remains for the VIX to stay within the 15/12 zone.


vix'60min

vix'daily3

Summary

So..weak indexes, and a VIX that closed a little higher, but really, this is nothing for the equity bears to get overly excited about. It is the same price action that we've seen for the past month, and barring a move <sp'1834, the primary trend is most certainly still to the upside.

VIX looks set to remain under the key 20 threshold until at least April.
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more later..on the indexes