2pm update - the subdued VIX

Despite this morning's geo-pol' event in Belgium, the VIX only opened moderately higher to 14.76.. and has already turned fractionally red to 13.75. Naturally, the related VIX instrument of TVIX continues to be ground lower, with effectively no floor.


VIX'daily3

TVIX, daily

Summary

Suffice to add, its one of those days when the opening VIX candle - a black fail no less, was an early warning that equity bears had no real chance today.

Tomorrow might offer a turn though.. from the sp'2060/70s... if Oil can max out in the $43/44s on 'better than expected inventories'.

yours... very sleepy.