VIX slips as S&P 500 hits new high
Chris McKhann | [email protected]
The S&P 500 was up 8.62 points to 1790.62, a new all-time closing low and just off the intraday high that came shortly before the bell. It has support at 1750. (When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns.)
The Nasdaq 100 rose almost 10 points to 3415.14. That was a new 13-year high and just off its intraday high, which also came just before the bell. It has support at 3300.
The Russell 2000 was off 0.74 points to 1111.44. It has resistance at 1123 and support at 1080.
The VIX was down 0.15 points to 12.37. The volatility index was as low as 12.28 with about 90 minutes left to trade.
The VIX futures were followed lower, with the November contracts off 0.15 points at 13.10 and the December futures down 0.05 points to 14.60. That pushed the iPath S&P 500 VIX Short-Term Futures Note (VXX) lower by 1.06 percent to yet another new all-time low $47.64.