VIX falls below 14 as S&P rises again
Chris McKhann | email@example.com
Equity indexes ended yesterday mixed, while the CBOE Volatility Index and its futures tumbled again.
The S&P 500 was up 5.14 points to close at its session high of 1689.13. It was negative for the first couple of hours before climbing out of its hole. It has resistance at 1700 and support at 1627.
The Nasdaq 100 was down 5.21 points to 3179.86. It dipped to 3160, weighed down by Apple, but also closed at its high of the day. The NDX has resistance at Tuesday's high of 3189 and support at 3060.
The Russell 2000 was off 0.38 points to 1055.34, the middle of its range for the day. The small-cap index has resistance at its high of 1063 and support at 1010.
The VIX fell 0.71 points, or 4.89 percent, to close at the session low of 13.82. The 20-day actual volatility of the S&P 500 is still above 11 percent, so the VIX's premium is quite low.
The VIX futures followed lower. Both the September and October futures were down 0.6 to 14.55 and 15.75 respectively. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 3.18 percent to $14.47.
VIX, equity indexes close almost flat
July 29, 2014
The major equity indexes were mixed but essentially unchanged at the end of yesterday's session, as was the CBOE Volatility Index.
Videocast: Betting on lower volatility
July 28, 2014
Group One's Jamie Tyrrell says there was a big buyer in the Weekly puts in the ProShares Ultra VIX Short-Term Futures Note.
VIX back above 12 as equities slide
July 28, 2014
Stocks fell on Friday, leaving the major equity indexes almost unchanged on the week while the CBOE Volatility Index climbed back above the 12 level.
VIX up as SPX hits another high
July 25, 2014
Equity indexes were mixed and little-changed at the end of yesterday's session, with the S&P 500 barely making new highs and the CBOE Volatility Index rising slightly.
VIX slips as SPX hits new highs
July 24, 2014
Major equity indexes posted more gains yesterday, pushing the S&P 500 to new highs as the CBOE Volatility Index declined again.