Volatility climbs a little

With US equities generally pushing upward, the VIX remains at very low levels, settling today +2.3% @ 14.21. The near term outlook remains for the VIX to stay within a tight 15/12 zone, before climbing after the next FOMC.


VIX'daily3

Summary

Little to add. If the market is not pleased with the jobs data tomorrow, there is risk of a minor (and brief) jump to the mid 15s. Certainly though, the 16s look out of range.

The big 20 threshold looks unlikely to be broken until April.
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more later. on the indexes