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.
Videocast: Volatility in September?
August 20, 2015
Group One's Jamie Tyrrell says traders are buying next month's calls on the volatility index, bracing against a pullback in the S&P 500.
Videocast: VIX draws September buyers
August 19, 2015
Group One's Jamie Tyrrell says large electronic buy programs are snapping up crash protection in the volatility index.
Videocast: VIX premiums down before expiry
August 18, 2015
Group One's Jamie Tyrrell says premium is getting sucked out of on volatility index calls on their last full day of trading.
Videocast: The VIX at crossroads
August 7, 2015
The volatility index has seen broad swings with the market today, and Group One's Jamie Tyrrell says traders think that the VIX can go either way from here.
Video: Put buyer bucks pop in VIX
August 6, 2015
Volatility is jumping with today's market declines, but Group One's Jamie Tyrrell says a large player continues to bet that the VIX will fall below 12.