Indecision and VIXperation

Short one as a placeholder while we wait to see what tomorrow brings with expiration of the April VIX futures contract and some crappy news about a Nvidia write-off.

VIX Mix added a few blue bars while equity markets exchanged some modest early gains for a modestly lower close.

VIX itself registered the narrowest range since Liberation Day. Technical analysts and traders would refer to today’s candle as a doji - tight range and a close right on top of the open. This is generally interpreted to be a sign of indecision or a pause before the next directional move. Sorta like what we saw on April 1st and 2nd. This may also have something to do with tomorrow morning’s expiration of the April VIX futures contract that was tied to spot VIX today. We shall see.

All content presented here is for informational and educational purposes only. Reproduction or distribution of any content is unauthorized. Furthermore, any alteration of content presented here is prohibited. By accepting delivery of this information, the reader agrees to the foregoing. Certain information presented herein has been obtained from third-party sources considered to be reliable, but there is no guarantee of completeness or accuracy and it should not be relied upon as such. There is no obligation to update or correct any information presented. Readers should not treat any statement, opinion or viewpoint expressed herein as a solicitation or recommendation to buy or sell any security or follow any investment strategy. This material does not consider the investment objectives, financial situation, or needs of any particular reader. Readers should seek advice from a qualified financial or investment advisor prior to making any investment decision.