VIX climbs into year end

With equities closing the year on a rather bearish note, the VIX battled moderately upward, settling +5.3% @ 18.21. The bigger equity picture is increasingly bearish, and regardless of any equity upside in early January, the broader picture favours upside action in the VIX.


VIX'60min

VIX'daily3

VIX'weekly

Summary

*a net weekly gain of a very significant 15.7%
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It is notable that today was the fourth net daily gain of the past five days.

The highest print of the day was 20.39, but I am dismissing it on the notion of it being a 'rogue print'.

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more later... on the indexes

Closing Brief

US equities closed the year on a pretty bearish note, sp -19pts @ 2043. The two leaders - Trans/R2K, settled lower by -0.4% and -1.2% respectively. The year end close for five of six US indexes was below the monthly 10MA, and that sure bodes in favour of the bears for early 2016.


sp'60min

Summary

*closing hour action: renewed weakness, with a distinct case of some of the 'rats selling into the long holiday weekend'.
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I have a lot to say to wrap up the week, month, and year.. but will save that for later posts.

Suffice to say...

It has been a tough and frustrating year for many, but all those who have made it through the year deserve a prize. I'll leave it to each of you, what you think you deserve.

I want to say thanks to all those who have messaged me this year, whether via Disqus, email, or twitter.

I hope to be here across 2016... and beyond.

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the usual bits and pieces across the evening.. to wrap up the day.. and year :)

3pm update - the closing hour of 2015

US equities have seen a clear fail to turn positive, with another wave lower, back to around sp'2050. A year end close below the monthly 10MA (2052) would necessitate alarm bells in even the most bullish of bull maniacs. Metals are back to flat, whilst Oil is cooling from earlier highs, currently +1.2%


sp'60min

AAPL, daily

Summary

*AAPL is warning of trouble.. much in the same manner as INTC was in mid-May.
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We have a VERY important closing hour ahead.  Eyes on the VIX, which with renewed equity weakness, is +5% in the 18s. Clearly nothing significant, but it sure isn't in the low teens as seemed likely just a few days ago.

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...updates into the close... (what else would I be doing?)


3.03pm.. as things stand... we have sig' bearish closes in the Trans, R2K, NYSE comp'

sp'500 is currently moderately under 10MA.    Dow/Nasdaq still moderately above.

On balance... it is NOT something that should inspire the bulls.... as also reflected in most other world markets.
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3.13pm.. VIX spikes powerfully higher... +17% in the 20.40s.

Rogue print... or indicative of something?
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3.26pm.... VIX flashes back to the 18s.... end year kooky action.

Price pressure in equities remains broadly weak, sp -14pts @ 2049...

Ironically, notable strength: TWTR +4.4% in the $23s...
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3.34pm.. In more serious news... I'm not going to win $1000 from Danny Riley.... I'm 40pts shy of my end year target of ES 2080 (aka.. sp'2090). 

sp -11pts @ 2051.....
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3.46pm.. Darth Lucas speaketh

So.. his imperialness is trying to retract calling Disney as being the white slavers.

The real issue.. what would Boba Fett call Bob Igor?
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3.50pm.. sp -14pts @ 2049. Looks like we'll get that monthly close for one of the three headline indexes.