VIX slips again with stocks mixed
Chris McKhann | [email protected]
The S&P 500 was down 3.18 points to 1722.34. It slid lower for most of the day and then moved sideways for the final two hours. It has support at 1680.
The Nasdaq 100 was up 6.30 points to finish at 3237.61, another 13-year high. Support is 3150.
The Russell 2000 lost 1.70 points to close at 1075.27. It has support at 1040.
(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns, so I will refrain from listing them.)
The VIX fell along with the SPX as the two indexes again bucked their usual inverse relationship. The volatility index was down 0.43 points, or 3.16 percent, to 13.16. That was its lowest close in more than a month and came even as the 20-day actual volatility for the SPX remains at 10 percent.
The VIX futures were mixed, with the October contracts up 0.05 points to 14.75 and the November futures flat at 15.90. Despite that, the iPath S&P 500 VIX Short-Term Futures Note (VXX) was down fractionally to $13.58, another all-time closing low.