VIX slips as equities bounce back

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The CBOE Volatility Index ended slightly lower yesterday as equity indexes regained ground.

The S&P 500 was up 5.69 points to end the day at 1752.07, just a couple of points below Tuesday's all-time closing high. It has support at 1700.

The Nasdaq 100 gained 16.32 points to finish at 3362.37. It too is just off of Tuesday's close, which in this case is a 13-year high. It has support 3250.

The Russell 2000 rose 7.92 points to 1119.85, a new closing high for the small-cap index. 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 down 0.22 points, or 1.64 percent, to 13.20. The November VIX futures were down 0.25 points to close at 14.45, and the December futures fell 0.10 points to 15.45. That left the iPath S&P 500 VIX Short-Term Futures Note (:VXX) down 1.49 percent to $12.88.


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