VIX Makes A New Short-Term Low

Yesterday's equity market rally sent the VIX volatility index to a new short-term low of 26.36.  While the VIX made a new low, the S&P 500 still has a ways to go before taking out its recent highs.  Hopefully the VIX is a leading indicator that the rally is set to continue.

 

Comments

[Rezeda]

"the VIX is a leading indicator"Not always. Just before the last year big fall S&P500 topped on 8/11/2008 and VIX bottomed on 8/22/2008. 9 days later.Current situation is quite similar.

[dj]

Go back to July 2007 an you will see how broken VIX 2.0 is, most of us have moved to 3.1...so it goes