$VIX

Sticky Sticky Sticky VIX

As we run to all-time highs for SPX and RUT plain kicking the door down, VIX notched in a 9 handle close.  All is normal, as the BIG VOL INDEX runs the way it is supposed to.  Now the issue really is why the VIX Oct future remains above 12  with less than 3 weeks to go.  The short answer is the future traders are holding out.  Waiting for the next DJT Tweet bomb or a NK dirt clod fight has left premium sellers a little shell shocked.  They won't give it up.

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QQQ the mess

Every weekend we are treated to a variety of Tweets designed to arouse some and infuriate others. The fearless leader of NK and the NFL came under fire within 24 hours of each other. So from a standard deviation perspective, you can't get much farther apart than those Tweets.  Maybe we call it 3 Sigma Tweeting in that they were so different the NFL issue almost blanked the NK issue over the weekend.  I don't think that is what upset the QQQ today.

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