VIX cools a little

With most US equity indexes closing a little higher, the VIX was naturally still in cooling mode, settling -1.1% @ 13.78 (intra high 14.74). Near term outlook is for continued equity strength, which should equate to VIX slipping into the 12/11s.


VIX'60min

VIX'daily3

Summary

Little to add

The broader equity market remains very strong, with a VIX that is struggling just to break back into the mid teens.

The big 20 threshold looks out of range until at least May.
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more later... on the indexes

Closing Brief

US equities closed a little higher, sp +3pts @ 2095. The two leaders - Trans/R2K, settled -0.1% and u/c respectively. Near term outlook is bullish, with new historic highs for all indexes due... inc' the Nasdaq Comp (>5132).


sp'60min

Summary

*awaiting INTC earnings...
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So.. opening minor gains, with most indexes set for continued upside into May.

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INTC earnings... inline at 41 cents.. although a touch missed on rev'

60min

Broken key resistance of $32... the door is now open to $33s.. if not the $35s.

*I will look to close a long position in INTC at the Wed' open. :)

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more later... on the VIX

3pm update - clawing higher into the close

Most equity indexes are holding minor gains, and look set to claw slowly higher into the close. Metals remain broadly weak, Gold -$7, with Silver -0.5%. Oil has managed to hold sig' gains of 2%, but will be vulnerable as the next inventory reports are due.


sp'60min

Summary

A baby bull flag on the 5/15min cycles.. and overall, it has been a day where the bears saw a bonus opportunity to exit in early morning... ahead of broader strength.

There remain a truck load of earnings due across this week, so there will at least be some dynamic individual stock price action, even if the main market is relatively subdued.

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notable weakness, INTC, -1.2%... ahead of earnings.

 A break <$29 would be a major fail... and open up $25. Conversely.. a move into the $32s would open up $35.

.. certainly, its one to watch in AH.
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back at the close.