VIX back in cooling mode

With US equities closing moderately mixed, the VIX was naturally back in cooling mode, settling -9.6% @ 20.14. Near term outlook is for continued equity upside to the sp'2030s.. which will likely equate to VIX 16/15s, before a floor is solidified. A new explosive wave in the VIX looks due into October.


sp'60min

VIX'daily3

Summary

*VIX saw a distinct smack down in the brief 15mins of AH action... hitting a low of 20.05.
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VIX is set to be increasingly subdued into Wed/Thursday... the 16/15s look viable if sp'2030s.

*I am seeking to pick up a VIX call block in the 17/15 zone.. this Wed/Thursday.
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more later... on the indexes

Closing Brief

US equity indexes closed moderately mixed, sp +8pts @ 1966. The two leaders - Trans/R2K, settled +0.8% and -0.2% respectively. Near term outlook is for continued upside to the sp'2030s.. which should equate to VIX 16/15s. From there... things should get real interesting.


sp'60min

Summary

*closing hour, minor chop.
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A day of moderate swings...  importantly holding above last Friday's low.

Market looks set to push into the 1980/90s tomorrow.. with sp'2000s by Wed' lunch time. The 50dma in the 2030s remains an obvious target.

If Oil can rally to 49/50.. and China 3300/400s...   we will see sp'2030s.

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*I'm content on the sidelines, but have 5 short-market targets ready to initiate...

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more later... on the VIX

3pm update - net daily gains

After a few swings, most US indexes are set to close moderately higher, with the sp' set for the 1970s... along with VIX 20s. By Wednesday, we could easily be looking at sp'2000/2020 zone with VIX 18/17s. Best case for the bull maniacs would seem to be the sp'2030s with VIX 16/15s... briefly.


sp'15min

VIX'60min

Summary

A relatively quiet day...  what should be clear...

1. China threatens upside to the 3300/400s
2. Oil is powerfully strong.. especially relative to the USD.

Market looks like it wants to make one more push upward into Wed/Thursday.. test the 50dma (sp'2036).. and then FAIL.

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*I've eyes on AAPL, DIS, and INTC, as individual stock shorts in the next cycle. Have been watching their relative option put chains today.... but better prices to short from.. still seem due.
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back at the close