Equities break six-day win streak
Chris McKhann | email@example.com
Equity indexes broke a six-session winning streak yesterday with the Nasdaq leading the way lower, but the CBOE Volatility Index was up only fractionally.
The S&P 500 slipped 4.16 points, or 0.22 percent, to 1875.39. It only gave back a bit of Friday's gains and is still near all-time highs from the start of the month. The SPX has resistance at 1890 and support at 1840.
The Nasdaq 100 dropped 31.77 points, or 0.89 percent, to 3557.04. The NDX did give back all of Friday's gains and is now back near its 20-day moving average. Resistance is at 3600 and support at 3450.
The Russell 2000 fell 8.53 points, or 0.74 percent, to 1147.08. It too pushed back to its 20-day moving average. The small-cap index has resistance at 1160 and support at 1100.
The VIX was up 0.08 points, or 0.61 percent, to 13.27. That was the low of the day, as it was up at 13.75 in the first hour of trade. The nine-day CBOE Short-Term Volatility Index (VXST) was up 0.16 points, or 1.28 percent, to 12.67.
The VIX futures were mixed, with the May contracts flat at 15.25 and the June futures off 0.05 points to 15.80. Even with that the iPath S&P 500 VIX Short-Term Futures Note (VXX) was up fractionally to $41 even.
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