Equities rise late, close higher
Chris McKhann | firstname.lastname@example.org
Equity indexes climbed in the afternoon to finish higher at the end of the day, while the CBOE Volatility Index was essentially unchanged.
The S&P 500 rose 2.82 points to finish at 1799.84, essentially matching the day's high. The SPX reached positive territory only in the last two hours of trade was unable to break above resistance at 1800. Support at 1740.
The Nasdaq 100 was higher all day and closed with a gain of 20.20 points to 3582.11. That too basically matched the day's high and, unlike the S&P 500, it was back above its 10-day moving average. Resistance is at 3600 and support at 3440.
The Russell 2000 climbed 2.18 points to 1118.73, its high of the day. The small-cap index has resistance at 1130 and support at 1080.
The VIX was down 0.03 points to 15.26. The the nine-day CBOE Short-Term Volatility Index (VXST) fell 0.29 points to 14.22.
The VIX futures were mixed. The February contracts closed at 15.60, while the March futures finished at 15.85. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up fractionally to $45.53.
Videocast: Futures see higher VIX
February 26, 2015
Although the spot volatility index remains below 14, Group One's Dominic Savino says the March VIX futures are targeting the 16 level.
Videocast: Low short-term volatility
February 25, 2015
Although a big player is buying VIX March 23 calls, Group One's Mike Palmer says the iPath S&P 500 VIX Short-Term Futures Note (VXX) settled today near 11.
Videocast: VIX falls as Yellen talks
February 24, 2015
Group One's Mike Palmer says traders are betting on lower volatility amid speculation that the Federal Reserve will not hike interest rates before the end of the year.
Videocast: The VIX ahead of Yellen
February 23, 2015
Volatility has calmed down after a rocky open today, but Group One's Mike Palmer says the VIX could move early tomorrow with Senate testimony by Fed Chair Janet Yellen.
Videocast: VIX on eve of settlement
February 17, 2015
The spot volatility index has bounced as expected after the three-day weekend, and Group One's Jamie Tyrrell says the action is in the VIX puts ahead of tomorrow's February expiration.