Equities break 5-day losing streak
Chris McKhann | firstname.lastname@example.org
Major equity indexes were higher at the end of the day as the S&P 500 and Nasdaq 100 broke their five-day losing streak, while the Russell 2000 posted a new all-time closing high. The CBOE Volatility Index was higher as well, bucking its usual inverse relationship with the SPX.
The S&P 500 was up 5.9 points to close at 1698.67 after again facing immediate resistance at its 10-day moving average. The SPX has resistance at 1730 and support at 1660.
The Nasdaq 100 was up 25.49 points to 3234.04, just off its 13-year closing high from last week. It has resistance at the intraday high of 3248 and support at 3150.
The Russell 2000 was up 4.90 points to 1078.41, a new lifetime closing high. The small-cap index has some resistance just above at 1082 and support at 1040.
The VIX was up 0.05 points to 14.06. The volatility index dipped to 13.58 in the morning, then climbed to 14.40 in short order.
The VIX futures were lower, as the October and November contracts both lost 0.25 points to close at 14.80 and 15.95 respectively. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) was down 1.94 percent to close at $13.62.
Videocast: VIX call wave subsides
March 30, 2015
Group One's Jamie Tyrrell says 250,000 VIX April 20 calls were purchased in the previous two sessions, but that big player appears to be on the sidelines with today's market rally.
Videocast: Big April VIX call buying
March 27, 2015
GroupOne's Jamie Tyrrell says a major player bought 150,000 April 20 calls late yesterday even as VIX futures fell.
Videocast: VIX not showing panic
March 26, 2015
Despite the market's downturn this week, Group One's Jamie Tyrrell says traders apparently do not believe that the VIX will hit the 20 level.
Videocast: April, August VIX calls
March 25, 2015
As the market selloff accelerates midday, Group One's Mike Palmer says traders are buying protection through VIX calls in April and August.
Videocast: Looking for higher volatility
March 24, 2015
Group One's Jamie Tyrrell says investors are buying upside calls in the VIX and selling puts, looking for the volatility index to push higher.