Monday, 21 July 2014

Volatility moderately higher

With equities a little lower, the VIX managed to briefly break into the 13s, settling higher by 6.2% @ 12.81. Near term outlook offers a possible minor spike higher, but with the sp'1990/2000s likely before end July, the VIX looks set to melt lower to the 10/9s.




Suffice to say... VIX 14/15s look viable, but certainly, nothing much more than that.

For Tuesday trading, I would be mindful of an opening black-fail candle...especially if the market is lower by around Dow -75/100pts.

more later.. on the indexes