Friday, 17 April 2015

VIX climbs into the weekend

With the US market somewhat spooked by an AH drop in the China market, the VIX opened higher, and climbed into early afternoon, settling +10.2% @ 13.89 (intra high 15.02). Near term outlook is uncertain, and will be seemingly dependent upon how China trades next Monday.





*a net weekly gain of a rather significant 10.4%, but still in the sub teens.

It is notable that at the current rate of turn, the VIX weekly will be offering a possible bullish cross in about 3 weeks time. Certainly, the equity bears will have a better opportunity from mid May onward.. a seasonally weaker time of year.

For the moment, the key VIX 20 threshold looks out of range at least until mid May.

more later.. on the indexes