Tuesday 26 August 2014

Volatility a little lower

With equities continuing to claw higher, the VIX was back in melt mode, settling -0.6% @ 11.63. Near term outlook is for VIX to remain in the 13/10 zone. The big VIX 20 threshold looks unlikely to be challenged until at least October.


VIX'daily3


Summary

Little to add.

VIX remains very subdued, and at best, equity bears might see the 14/15s...briefly, if a minor retrace of 1.5/2.5% or so.

Regardless, I have ZERO interest in being long the VIX until late September at the earliest.
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more later.. on the indexes