Wednesday 23 April 2014

Volatility fractionally higher

With equities seeing minor weak chop across the day, the VIX finally managed a fractionally higher close, +0.6% @ 13.27. Near term outlook is for the VIX to remain in the 14/12 zone until next Wednesday afternoon - when we will likely see QE-taper'4 announced.


VIX'daily3


Summary

Little to add,

VIX remains crushed, and ongoing price action suggest the equity bulls will remain in control into the middle of next week.
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more later..on the indexes