Stocks, volatility index little-changed
Chris McKhann | firstname.lastname@example.org
The equity indexes were mixed but essentially unchanged at the end of yesterday's session, and the CBOE Volatility Index was fractionally lower.
The S&P 500 was up just 0.07 points to close at 1633.77. It dipped to 1627 just after the open, then climbed to a new intraday record high of 1636. Support remains at 1597.
The Nasdaq 100 was up just 1.07 points to 2982.09. It too closed in the middle of its range for the day. Support is at 2869.
The Russell 2000 was down 1.37 points to close at 973.79. Support is at 940.
The VIX off 0.32 percent to 12.55. The volatility index had dipped to 12.49 in the morning and almost matched that level just before the closing bell.
The VIX futures were mixed, with May contracts down 0.20 points to 13.65 and June futures flat at 15.10. This had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.43 percent to 18.38.
SPX at new highs on mixed day
March 7, 2014
The S&P 500 hit new all-time highs yesterday, while other equity indexes slipped. The CBOE Volatility Index climbed back above the 14 level.
Videocast: VIX volumes 'trickle off'
March 6, 2014
Group One's Jamie Tyrrell says volatility traders aren't pricing in much possibility of a big selloff in the next few weeks.
Videocast: VIX selling continues
March 5, 2014
With no new issues arising over Ukraine, Group One's Jamie Tyrrell says traders are continuing to exit positions in VIX calls as volatility declines.
VIX drops as equities power higher
March 5, 2014
Equity indexes surged yesterday, shrugging off concerns about the Ukraine and pushing to new highs. The CBOE Volatility Index dropped nearly 12 percent.
Videocast: VIX selling accelerates
March 4, 2014
Traders were selling VIX calls even as the market fell yesterday, and Group One's Jamie Tyrrell says the momentum is continuing today as volatility drops sharply.