VIX fractionally higher

Despite US equity indexes closing broadly higher, the VIX held up, settling +0.9% @ 21.84. Near term outlook offers renewed equity upside to the sp'1960/80 zone, and that should equate to VIX cooling to the 18/17s.. if briefly. Hyper upside to the 40s looks viable no earlier than mid March.


VIX'60min

VIx'daily3

Summary

Suffice to add.. VIX managed a third consecutive day above the key 20 threshold.

However, if renewed market strength - as seems likely, then VIX is going to cool to the upper teens next week.

If the market likes the Friday monthly jobs data, the VIX could even settle the week in the 19s.
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*I am seeking to be long the VIX - via TVIX, next week, preferably with sp'1970s and VIX 18/17s. 

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more later... on the indexes