Traders Eye Vix (VXX) As Fear Grips
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VIX volatility index futures tapped four month highs intra-day. The spike comes on the heels of more negative headlines out of Europe and Greece. The fear is being magnified by the JPMorgan trading debacle, as fear grips the financial sector.
Market fears are also showing themselves in the global bond market, with yields on German and UK bonds reaching new lows as investors continue the flight to safety.
Traders are eying the VIX for clues on market sentiment, but many see the closing number as a better gauge than the intra-day move. Last week the VIX spiked to a similar level at 21.50 but finished the day only slightly higher.
VIX futures can be traded using the ETF (NYSE: VXX).
Market fears are also showing themselves in the global bond market, with yields on German and UK bonds reaching new lows as investors continue the flight to safety.
Traders are eying the VIX for clues on market sentiment, but many see the closing number as a better gauge than the intra-day move. Last week the VIX spiked to a similar level at 21.50 but finished the day only slightly higher.
VIX futures can be traded using the ETF (NYSE: VXX).
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