Market News

November 26, 2013  Tue 1:14 AM CT

Equity indexes were mixed at the end of yesterday's session after hitting new highs. The CBOE Volatility Index gained more than 4 percent.

The S&P 500 was down 2.28 points to close at 1802.48. It reached a new intraday high of 1808 in the first minutes of trading and almost revisited that peak with about two hours left in the session, but it then slipped down to 1801. It has support at 1775.

The Nasdaq 100 gained 5.47 points to 3427.49, a new 13-year high. It has support 3320.

The Russell 2000 was off just 0.20 points to close at 1124.72. It hit a new all-time intraday high of 1128.72 in the afternoon.

(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 0.53 points, or 4.32 percent, to 12.79. The volatility index was as high as 12.92 minutes before the closing bell. It is at a large premium to the actual volatility in the SPX, which has a 10-day historical rate of 7.6 percent.

The VIX futures were flat, with December contracts at 13.60 and January futures at 15. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up fractionally at $44.59.
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