VIX holds moderate gains

With equities seeing some weakness into the early afternoon, the VIX clawed higher (intra high 14.34), but settling +7.9% @ 13.39. Near term outlook is for continued broad equity upside.. which should keep the VIX pinned within the 14/11 zone into mid May.


VIX'60min

VIX'daily3

Summary

Little to add.

We continue to see sporadic little intraday spikes.. but the highs remain very low... in the low teens.

The big 20 threshold looks unlikely to be challenged until June.
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more later... on the indexes