Monday 12 May 2014

Volatility knocked into the 11s

With the Dow and Transports breaking new historic highs, the VIX was crushed further, hitting an intraday low of 11.88, but settling -5.3% @ 12.23. Near term outlook is for the VIX to remain in the 14/11 zone. VIX 20s look unlikely until at least early June.


VIX'daily3


Summary

Little to add.

VIX remains very low, and if the equity indexes can push a further few percent higher, then VIX will remain at these levels for another few weeks.
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more later...on the indexes