VIX falls again as stocks march higher

optionMONSTER

Equity indexes jumped again yesterday despite a mid-session dip on a false terrorism report, sending the CBOE Volatility Index and its futures lower once more.

The S&P 500 gained 16.28 points, or 1.04 percent, to close at 1578.78 just off its midday high. Earlier the SPX gave up all the day's gains on the fake news report of explosions at the White House. Resistance remains at its all-time highs around 1597 reached two weeks ago, while support is at 1540.

The Nasdaq 100 gained 25.30 points, or 0.9 percent, to 2835.37. It is also back near the levels of two weeks ago, with resistance at 2864 and support at 2743

The Russell 2000 was up 14.56 points, or 1.59, percent to 929.36. Resistance is at 946 and support at 900.

The VIX was down 0.91 points, or 6.32 percent, to 13.48. The May VIX futures lost 0.70 points to close at 14.60, while the June futures were down 0.65 points to 15.45.


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