Learn the trade here. Make it on tradeMONSTER

Options Trading News

August 8, 2013  Thu 2:14 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
Equities continued to drift lower yesterday, but volatility remained subdued.

The S&P 500 declined 0.38 percent to 1690.91, its third straight drop and second consecutive close under 1700. It also dipped below its 10-day moving average, which could suggest a potential weakening of bullish momentum. The index bounced around the same 1687 level where it peaked in May and has further support at 1670.

The Nasdaq 100 was the strongest of the three major indexes we track, shedding just 0.11 percent to 3118.69. Support remains at 3030.

The Russell 2000 small-cap index led to the downside for the second straight day, falling 0.74 percent to 1044.34. Support is at 1020.

(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns, so we will not guess at them here.)

The CBOE Volatility Index rebounded 2 percent to 12.99 but surrendered most of its earlier gains. The VIX and S&P 500 usually move in opposite directions. The iPath S&P 500 VIX Short-Term Futures Note (VXX), which is based on the two nearest-month VIX futures contracts, rose 1.1 percent to $14.64.
Share this article with your friends


Related Stories

VIX

Rally drives volatility indexes lower

September 19, 2014

The major equity indexes pushed to new highs yesterday as volatility measures continued to fall. The VIX was down nearly 5 percent.

VIX

Equities slightly higher after wild ride

September 18, 2014

Equity indexes spiked lower and higher after yesterday's Federal Reserve announcement but ended the session little-changed, with slight gains.

VIX

September VIX settles at 13.03

September 17, 2014

The September VIX futures settled this morning at 13.03, right where the spot CBOE Volatility Index opened the session.

VIX

VIX declines as equities rebound

September 17, 2014

The major equity indexes rebounded sharply yesterday, driving the CBOE Volatility Index lower by nearly 10 percent.

VIX

Equities drop, send VIX above 14

September 16, 2014

Equity indexes finished yesterday in the red but were above the lows of the day. The CBOE Volatility Index posted its first close above 14 in a month.

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER