VIX cools into the weekend

Whilst equity indexes closed moderately mixed, the VIX was broadly subdued, settling -5.2% @ 13.22. Across the week, the VIX saw broke a new multi-month low of 12.50, with a net weekly decline of -2.9%. Sustained action above the key 20 threshold looks out of range until latter half of May.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*the closing hour saw the usual 'games', with the VIX being whacked into the close.
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Suffice to add, the VIX remains broadly subdued, although that should not be entirely surprising as equities broke new multi-month highs this week.

Underlying MACD (blue bar histogram) remains deeply negative, and at the current rate, volatility bulls won't see a bullish cross until at least mid May.

*if sp'2050/40s by end of next week/month, that might equate to a VERY brief foray to the upper teens. What should be clear.. sustained action >20 looks out of range for some weeks.

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more later... on the indexes