VIX Reverses Gains in Late Trading
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After a major run-up mid-day, the VIX futures reversed to finish the day at 19.05, up only 0.11 or .58%, and well below the intra-day high of 20.90.
The reversal corresponded with a comeback in the major equity markets including the S&P 500, which had traded under 1350 before rallying back to 1363.72.
The reversal in VIX, often referred to as the fear indicator, could mean that traders are ready to accept headline risk coming out of Europe and at least dip a toe back into the market.
The VIX can be traded using iPath S&P 500 VIX Short-Term Futures (NYSE: VXX). The S&P 500 can be traded using SPDR S&P 500 (NYSE: SPY).
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The reversal corresponded with a comeback in the major equity markets including the S&P 500, which had traded under 1350 before rallying back to 1363.72.
The reversal in VIX, often referred to as the fear indicator, could mean that traders are ready to accept headline risk coming out of Europe and at least dip a toe back into the market.
The VIX can be traded using iPath S&P 500 VIX Short-Term Futures (NYSE: VXX). The S&P 500 can be traded using SPDR S&P 500 (NYSE: SPY).
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