VIX slips as equities bounce back
Chris McKhann | firstname.lastname@example.org
The CBOE Volatility Index ended slightly lower yesterday as equity indexes regained ground.
The S&P 500 was up 5.69 points to end the day at 1752.07, just a couple of points below Tuesday's all-time closing high. It has support at 1700.
The Nasdaq 100 gained 16.32 points to finish at 3362.37. It too is just off of Tuesday's close, which in this case is a 13-year high. It has support 3250.
The Russell 2000 rose 7.92 points to 1119.85, a new closing high for the small-cap index. It has support at 1087.
(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 down 0.22 points, or 1.64 percent, to 13.20. The November VIX futures were down 0.25 points to close at 14.45, and the December futures fell 0.10 points to 15.45. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 1.49 percent to $12.88.
VIX up as SPX hits another high
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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.
Videocast: Target 19 line in VIX
July 23, 2014
Group One's Jamie Tyrrell says traders are targeting the VIX 19 line today, selling calls in August and buying them in October.
VIX down as SPX posts new high
July 23, 2014
A broad market rally pushed the S&P 500 to a new all-time high while sending the CBOE Volatility Index lower by more than 4 percent.
Videocast: Betting on lower volatility
July 22, 2014
As the market rallies today, Group One's Mike Palmer says traders are betting that the recent pops in volatility will be short-lived.