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June 26, 2013  Wed 2:14 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes rebounded yesterday, making up most of the ground lost in Monday's selloff.

The S&P 500 was up 14.94 points to finish up the session at 1588.03. It was in positive territory all day and hit its session highs shortly before the close. Support is at 1560 and resistance a 1652.

The Nasdaq 100 gained 18.30 points to close at 2866.50. Support is at 2825 and resistance at 3000.

The Russell 2000 rose 1.07 percent to 961.26. It finished just off the day's high, which came right before the bell. Support is at 943 and resistance at 1000.

The CBOE Volatility Index fell 1.64 points, or 8.16 percent, to close at 18.47. It dipped to 17.82 shortly before the close and is now lower than the S&P 500's 10-day historical volatility of 20 percent.

The VIX futures followed lower, with the July contracts down 0.70 points to 19.45. The August futures fell 0.35 points to 19.95. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 2.83 percent to $22.17. 
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Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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