The market opened in minor chop mode, and whilst there weren't many sellers.. there were even fewer willing to buy. With the sp' at 2344, the VIX hit 13.59 in the morning, but then melted all the way into the close. Yes, we're now more regularly seeing the low teens, but are the 13/14s something for the volatility bulls to be excited about? The key 20 threshold still looks well out of range.
This past weekend was partly spent completing issue 2 of a report for the Gold Miners. If its a sector you have an interest in... then support my work and buy a copy!
For details: http://permabeardoomster.blogspot.com/p/research-reports.html
|Another day closer to summer|
Goodnight from London