Friday 16 January 2015

Volatility holds the 20s into the weekend

Despite equities seeing significant gains into the opex close, the VIX still managed to hold above the key 20 threshold, settling -5.9% @ 21.07. Regardless of any equity chop/weakness next Tue/Wed, with the ECB set to launch major QE, the VIX looks set to fall into end month.


VIX'daily3



VIX'weekly


Summary

*across the week, the VIX gained a very significant 20.1%. The weekly candle though is a little spiky, and is likely indicative that a cycle high might be in.
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Suffice to say.. a somewhat rare (at least compared to 2012-14) weekly close in the 20s.

Even if the market falls next Tue/Wed (for whatever reason)... VIX looks set to broadly fall into end month/early February.
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more later... on the indexes