Equities finished week on wild ride
Chris McKhann | email@example.com
Equity indexes went on a roller-coaster ride on Friday but ended barely higher. The CBOE Volatility Index was also up fractionally.
The S&P 500 was up just 0.09 points to close at 1655.17. It was volatile in the morning, dipping to 1641, then climbed to 1664 in the early afternoon before giving up those gains in the last hour. Resistance is at 1670 and support at 1627.
The Nasdaq 100 followed a similar pattern, gaining 3.44 points to close at 3133.38. It has resistance at 3149 and support 3030.
The Russell 2000 was up 0.86 points to 1029.55. It has support at 1000 and resistance at 1055.
The VIX was up 0.08, or 0.51 percent, to 15.85. The volatility index surged as high as 16.80 in the first hour's market selloff. It then slid down to 15.17 and climbed in the last hour.
The VIX futures followed suit. The September and October VIX futures were both up 0.1 to close at 16.5 and 17.5 respectively. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 0.69 percent to $16.12.
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Videocast: Split trading in the VIX
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Equity indexes continued their grind higher yesterday, pushing the CBOE Volatility Index back to levels from late July.