VIX a touch lower

With equity indexes closing somewhat mixed, the VIX remained subdued, settling -0.3% @ 13.26 (intra low 12.66). Outlook is for continued equity upside, which should keep the VIX stuck within the 14/10 zone. The big 20 threshold looks out of range until mid May.. at the earliest.


VIX'60min

VIX'daily3

Summary

*daily closing candle was a reversal. The most recent one was in late December, which appeared a few days before a sig' up wave in the VIX.
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Little to add.

VIX remains very subdued, as the US.. and most world capital markets have little concern about anything, including the possibility of a GREXIT.
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more later... on the indexes

Closing Brief

US equity indexes closed somewhat mixed, sp -3pts @ 2097. The two leaders - Trans/R2K, settled +0.2% and -0.1% respectively. Near term outlook is for continued broad upside.. to new historic highs across all indexes. VIX continues to reflect a market that has little concern of anything.


sp'60min

Summary

A pretty tedious Tuesday... and I think I'll leave it at that.
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more later.. on the VIX

3pm update - clawing higher into the close

It has been a rather tedious day of minor chop. The smaller 15/60min cycles are offering slight upside into the close... a net daily gain some indexes seems probable.. certainly for the Nasdaq. Oil remains significantly lower, -2.3%. Gold is holding moderate gains of $6.


sp'60min

Nasdaq, daily

Summary

A somewhat dull day... 

Regardless of the exact close, the equity bulls have managed to hold most of the strong Monday gains. Indeed, Today was arguably one of consolidation.
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notable weakness, energy stocks, BTU -5.2%, CHK -4.4%, RIG/SDRL, -5.7%

*Oil.. along with most energy stocks should see renewed strength, no later than Thursday.
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back at the close.