VIX pulls back as equities end flat
Equity indexes were little-changed at the end of yesterday's session after some big swings, leaving the CBOE Volatility Index down about 7.5 percent.
The S&P 500 was up 2.96 points, or 0.16 percent, to 1877.70, just about 3 points above Monday's close. The SPX had made progress in the morning, trading just shy of 1900, but gave up that ground through the afternoon and pushed below Monday's low briefly with about 30 minutes left in the session. Resistance is at 1900 and support at 1820.
The Nasdaq 100 followed an almost identical path, closing up 2.46 points to 2810.45. The NDX has resistance at 4000 and support at 3750.
The Russell 2000 gained 12.30 points, or 1.17 percent, to 1061.60. The RUT outperformed its peers but finished well off its morning high of 1061. The small-cap index has resistance at 1080 and support at 1046.
The VIX fell 1.85 points, or 7.51 percent, to 22.79. The volatility index spent some time above 24 in the morning and at the SPX lows in the afternoon. The nine-day CBOE Short-Term Volatility Index (:VXST) finished down 2.61 points, or 9.59 percent, to 24.61 after toying with 27.
The VIX futures followed lower, with October closing at 20.90 and November at 19.75. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 1.59 percent to $38.93.
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