VIX climbs into the weekend

With equities closing the week on a somewhat weak note, the VIX managed a third consecutive net daily gain, settling +1.3% @ 14.19 (intra high 14.91). Near term outlook is for equity weakness next Mon/Tuesday, and if the sp'2060s, VIX should briefly trade in the 16/17s. The 20 threshold looks out of range.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*a net weekly VIX gain of 1.6%. The closing hour saw a marginal break of the immediate up trend.
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Suffice to add, VIX remains bizarrely low, relative to the ongoing 'Greek situation'. Even the high teens would still merit as being overly low.

As things are, a last minute Greek deal still looks probable next Mon/Tuesday, and if so.. the VIX will not manage the 20s in the current up wave.

*I am long VIX (from 12.98), seeking an exit in the 16/17s.
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more later... on the indexes