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VIX Jumps To 1-Week High As Stocks Reverse Gains

Tyler Durden's picture




 

It appears the early (pre-market) strength in US equities provided just the right amount of stop-hunting room for longs to cover and sellers to re-appear as the S&P 500 tested up towards record highs (and unch year-to-date). US equities ran away from their JPY-related proxy briefly but have collapsed back down to it now as perhaps the tell was a push higher in VIX right from the open. VIX rose over 13% briefly - its highest in a week - as US equities (notably the Dow with no support from Visa or American Express to save its skin) tumbled. Treasuries have ben rallying since 0600ET - about the same time gold and silver were slammed. Precious metals are rallying admirably off the lows as stocks tumble (and the USD is unch on the day now)

 

VIX leading the charge lower...

 

as stocks catch down to JPY crosses...

 

Stock selling prompted PM buying as US equities opened...

 

and Bonds have been bid since PMs were pummeled...

 

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Tue, 01/21/2014 - 11:29 | 4351560 Jason T
Jason T's picture

good cause my vix calls expire next month..need this bitch to jump already

Tue, 01/21/2014 - 11:34 | 4351572 Obchelli
Obchelli's picture

Taper of Taper is comming

Tue, 01/21/2014 - 11:56 | 4351635 eclectic syncretist
eclectic syncretist's picture

Ah yes!  The Taper continues next week.  Is it really that soon already. Isn't "taper" just another word for "tightening" in Fedspeak language?

Tue, 01/21/2014 - 12:20 | 4351705 Headbanger
Headbanger's picture

A ONE WEEK HIGH!!!???   SHEER PANDEMONIUM!!! 

It's a slow week here at ZH....

Is it noon time yet for a scotch??

 

Tue, 01/21/2014 - 12:47 | 4351785 disabledvet
disabledvet's picture

And soda. "Need the fizz"(fix?) to make these tiny bubbles."

Tue, 01/21/2014 - 11:31 | 4351562 Cognitive Dissonance
Cognitive Dissonance's picture

Seeking the last of the suckers.

<Stop hunt.....the Series.>

Tue, 01/21/2014 - 11:33 | 4351569 prains
prains's picture

.......need a red 24 come oooooooon red 24

Tue, 01/21/2014 - 11:39 | 4351587 El Hosel
El Hosel's picture

.... and a very weak high on vix at that.

Tue, 01/21/2014 - 11:40 | 4351591 NoDebt
NoDebt's picture

What?  Nobody's into BTFD any more?

Tue, 01/21/2014 - 11:49 | 4351622 golfrattt
golfrattt's picture

How is it that the VIX is up over 5%, Feb call volume is significantly higher than put vol, yet call premiums are down..??  

Anybody...?

CBOE fucked up..?

Sat, 01/25/2014 - 05:43 | 4366053 shawnmike
shawnmike's picture

Meanwhile the controlled sell-off in US equities is just that, completely controlled, and ready for the late day ramp. All while they go mad for bonds. Whatever, don't think anyone's jumping from windows on Wall Street just yet

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