VIX higher as equities post losses
Chris McKhann | firstname.lastname@example.org
Equity indexes closed yesterday with modest losses ahead of today's Federal Reserve announcement, while the CBOE Volatility Index ticked slightly higher.
The S&P 500 was down 5.54 points to close at 1781 even. That was the middle of the day's range as it hit 1777 in the late morning. It has resistance at 1813 and support at 1750.
The Nasdaq 100 was off 6.47 points to 3469.31. The NDX continues to hold above its 20-day moving average. It has resistance at 3524 and support at 3400.
The Russell 2000 was down 0.96 points to 1118.89. It has resistance at 1147 and support at 1080.
The VIX was up 0.18 points, or 1.12 percent, to 16.21. The volatility index was down at 15.81 with about 2 hours left of trade but then climbed into the bell.
The December VIX futures finished at 16.20 ahead of its settlement this morning, and the January futures closed at 15.55. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.42 percent to $47.25.
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.