Wednesday 7 January 2015

Volatility starting to cool

With equities seemingly having put in a cycle floor of sp'1992...the VIX is starting to cool, settling -8.6% @ 19.31. Near term outlook offers broad 'melt lower' to the mid/low teens. If the market is in a much better mood by end January.. the 12/11s look viable.


VIX'daily3


Summary

Little to add.

Equities look floored... VIX should merely continue to fall into the coming weekend... if not the next few weeks.
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more later... on the indexes