VIX a little higher

Whilst US equity indexes closed moderately mixed, the VIX remained relatively subdued (intra high 16.04), settling +3.4% @ 15.24. Near term outlook briefly threatens the 14/13s - as Yellen is set to appear, but a broad climb to the key 20 threshold looks due to begin.


VIX'60min

VIX'daily3

Summary

*note the upper daily bollinger around the key 20 threshold.. along with the 200dma in the 18s.
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Little to add.

Equities are likely close/if not already maxed out, with the VIX having likely floored in the 13s.

A turn upward in volatility is due.
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more later... on the indexes

Closing Brief

US equities closed moderately mixed, sp +1pt @ 2037. The two leaders - Trans/R2K, settled -0.8% and +0.1% respectively. Near term outlook threatens a serious attempt to clear sp'2056, but it will likely fail. With three trading days left of March/Q1.. things are about to liven up.


sp'60min

Summary

*closing hour action: extremely subdued nano-scale chop.

A notable intraday range of 2042/31... a mere 0.5%.
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On what was a semi-holiday trading session, there is little to add.

Tomorrow will really help to wake everyone up. The Tuesday close could be rather important.
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more later... on the VIX

3pm update - tired market

US equities remain in micro chop mode, and look set to remain so until the Yellen appears. As things are, the cyclical setup is far better for the bears than it was last Wed/Thursday. VIX remains broadly subdued, higher by a relatively lame 3% in the 15.20s.


sp'60min

VIX'60min

Summary

... suffice to add, one of those days when I question myself for appearing today.

At least tomorrow.. and the rest of the week will wake everyone up.. one way or another.

back at the close.......