Thursday, 3 March 2016

VIX remains in melt mode

With US equity indexes closing broadly higher for a third consecutive day, the VIX remained in melt mode, settling -2.3% @ 16.70 - the lowest daily close since Dec'30th 2015. The VIX looks set to stay subdued into mid March.




Suffice to add, VIX has now almost been cut in half since the Feb'11th high of 30.90.

If sp'2K tomorrow, VIX 15s look due.

By the next FOMC of March 16th, if sp'2020/40 zone, VIX 14/13s look briefly viable, before the next multi-week up cycle in volatility.

more later... on the indexes