VIX declines as equities rebound

optionMONSTER

Major equity indexes bounced yesterday but gave up some of the gains in the final minutes.

The S&P 500 rose 6.29 points to close at 1652.35. It was above 1658 shortly before the bell. It has resistance at 1700 and support at 1600.

The Nasdaq 100 gained 12.41 points to end the session at 3082.17, right in the middle of the day's range. It has resistance at 3149 and support at 3030.

The Russell 2000 climbed 15.32 points to close at 1028.57, just off the session high after climbing all morning. It has resistance at 1060 and support at 1000.

The CBOE Volatility Index closed lower by 0.19 points, or 1.26 percent, to 14.91. It dipped to 14.30 and then climbed throughout the afternoon, jumping in the final minutes.

Yesterday was the last session of trading for the August VIX futures, and they slipped 0.05 points to close at 15 even. The September futures were down 0.60 points to 15.65. That had the iPath S&P 500 VIX Short-Term Futures Note (:VXX) down 1.17 percent to $15.21.


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