VIX rises along with equity indexes
Chris McKhann | [email protected]
The SPX rose 6.94 points to 1710.14, just off its high of the day. The benchmark index has closed higher only two other times, in mid-September. It has resistance at the all-time high of 1729 and support at 1647.
The Nasdaq 100 was up 22.19 points to 3256.02, a new 13-year closing high. It has support at 3120.
The Russell 2000 added 5.99 points to 1090.30, an all-time record high. It has support at 1040.
(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns. We therefore will refrain from listing any.)
The VIX was up 0.35 points, or 2.2 percent, to 16.07. It climbed to 17.74 during the morning selloff, then fell below 16 in the final minutes before regaining ground just before the close.
The VIX futures were also higher. The October contracts, which have only day left to trade, gained 0.20 points to close at 15.90. The November futures were up 0.25 points to close at 16.65. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 1.03 percent to $14.68.