Wednesday, June 18, 2014

VIX Drops 12%...what's next?....6.18.14

The FED news contained no surprises and in the absence of any near term policy adjustments the markets took a clue and jumped to new highs.
The VIX dropped a whopping 12%. back to 14 month lows on monthly VIX option expiration and we're now left with a new bullish (still low volume) signal adding to the suspicion that SPY 200 is not far away.
XIV again soared like a rocket into new territory.....this is not normal market behavior.