Tuesday 22 July 2014

Volatility continues to slide

With US indexes climbing across much of the day, the VIX was naturally lower, settling -4.4% @ 12.24. Near term outlook is bearish, with the VIX likely to melt into the 10s by the Friday close. Single digit VIX looks due... the only issue is when.


VIX'daily3


Summary

Little to add.

VIX reflects a market that is only moderately spooked, for very brief periods.

VIX looks set to remain generally constrained in the sub-teens for a few more months.
--

more later.. on the indexes