VIX up as equities hit more records
Chris McKhann | email@example.com
Equity indexes again pushed to new highs, though the CBOE Volatility Index and its futures were higher as well.
The S&P 500 was up 10.01 points to 1754.67, yet another record close. The SPX also hit a new intraday high of 1759.33 in the morning. It has support at 1700.
The Nasdaq 100 was up 5.75 points to close at 3366.93 after posting an intraday high of 3384.35. Those were both the index's highest levels in 13 years. It has support at 3250.
The Russell 2000 was up 3.15 points to 1115.63, also a new record high. The small-cap index also reached at a new intraday high of 1121.53. 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 up 0.17 points to 13.33 after climbing to 13.92 in the morning. It remains in line with the 20-day historical volatility of the S&P 500.
The VIX futures were also mostly higher at the end of the day. The November and December futures were both up 0.05 points to close at 14.65 and 15.55 respectively. That had the iPath S&P 500 VIX Short-Term Futures Note (VXX) up 0.31 percent to $13 even.
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