This is too funny. Amazing how quick it rises. CBOE VOLATILITY INDEX (Chicago Options:^VIX) Delayed quote data Edit Index Value: 13.04 Trade Time: 4:15PM ET Change: Up 0.97 (8.04%) Prev Close: 12.07 Open: 12.60 Day's Range: 12.48 - 13.08 52wk Range: 9.39 - 23.81
Market has started taking out insurance for any sell off in May. Probably wont happen now: the market will rise all the way through to November.
Turn the VIX off dont use it to trade off of its the most useless indicator and always gaps up 5% on Mondays. last week when that market was soaring, it was up like 1%. Then we get a mild decline in the Dow and it shoots up like were down 300 points, turn it off its not very useful.
I noticed the VIX works very well when its above 20, but anything below that seems to be a waste of time.