VIX cools into the weekend

Despite equities closing a little weak, the VIX still cooled into the close, settling -0.1% @ 12.12 (intra high 12.63). Across the week, the VIX saw a net weekly decline of -11.8% (intra high 16.27). Near term outlook is for renewed equity weakness, which should offer VIX 16/17s.


VIX'60min

VIX'daily3

VIX'weekly

Summary

Little to add.

VIX is back in the sub teens. On any basis, the VIX can't go much lower. It is merely a matter of when the VIX is back in the mid/upper teens in August.

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*I remain long-VIX from the low 14s, seeking an exit in the 15/17s.

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more later... on the indexes