A-VIX. I haven't been following the A-VIX for long enough to...

A-VIX.

I haven't been following the A-VIX for long enough to really get a handle on how it can be interpreted.

But yesterday's action was a bit odd.  Here's a long term (About Six Months) view of A-VIX:
Despite yesterday's very bullish action on the stock market, A-VIX barely moved from the previous day's close.  Under such bullish conditions one would expect a big drop in the A-VIX.

Here's the intra-day chart for A-VIX (from ASX web-site):


With the strong opening in stocks, A-VIX fell strongly on opening - but then climbed steadily for the rest of the day.

This looks to me like hedging against further falls in the stock market.

Now - as I said earlier - I don't have enough data to understand confidently just what is going on.  But it does seem that this put some doubt on the reliability of yesterday's good performance.

RB