Equities break six-day win streak
Chris McKhann | firstname.lastname@example.org
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.
VIX drops again as equities rally
October 21, 2014
All of the major equity indexes were higher yesterday, driving the CBOE Volatility Index lower by more than 15 percent.
Videocast: Volatility quieting down
October 20, 2014
As stocks drift higher after last week's selloff, Group One's Jamie Tyrrell says the big trades today are selling October VIX calls.
VIX falls as equities close mixed
October 20, 2014
Equity indexes were mixed on Friday to finish a volatile week, while the CBOE Volatility Index dropped nearly 13 percent.
Videocast: Volatility down big today
October 17, 2014
Group One's Jamie Tyrrell says the volatility index is back down near the 20 level in today's rally, with near-term futures getting "crushed."
Videocast: November VIX calls sold
October 16, 2014
Group One's Jamie Tyrrell says traders are holding onto protection for the next few days but are selling the November VIX calls, apparently believing that volatility levels are too elevated.