Stocks and volatility both on the rise
Chris McKhann | email@example.com
The S&P 500 lost less than one point to close at 1562.85. It fell below 1552 immediately after the opening bell and spent the rest of the day climbing back. It was positive in the final minutes before edging lower into the close. Resistance is still at 1565 and support remains at 1538.
The Nasdaq 100 had the best day of the three, but only gained 3.5 points to finish at 2809.98. It had fallen below 2785 at the open but climbed to positive in the afternoon. It has resistance at 2817 and support at 2760.
The Russell 2000 Index rose just 0.42 to close at 950.24. It still has resistance at 954 and support at 930.
The VIX ended the day up 3 percent to 13.15. It jumped to just shy of 14 at the open. It then briefly fell below 13 mid-day and just before the bell. But it started climbing into the close even before the SPX slipped off the day's highs.
The April futures followed higher, gaining 0.2 to close at 14.4. The May futures were up 0.1 to finish at 15.7. This had the VXX up 1 percent to close at 20.35.
VIX options traded 455,000 contracts, with calls outpacing puts by more than 3 to 1. The VVIX, the volatility index of those VIX options, was up fractionally to close out at 85.32.