U.S. Markets closed

Indexes mixed as volatility pushes higher

Chris McKhann (chris.mckhann@optionmonster.com)

Equity indexes were mixed again yesterday, but closed little changed. The VIX continued to climb despite actual volatility waning.

The S&P 500 was down 7.78 points to 1785.03. That was near the lows of the session and marks the first close below the 20-day moving average since Oct. 9. It has resistance at the high of 1813 and support at 1775.

The Nasdaq 100 declined 5.3 points to 3477.73 and remains just below 13-year highs. Resistance is at 3501 and 3425 is support.

The Russell 2000 rose 1 point to 1122.47. It has resistance at its high of 1147 and support at 1100.

The VIX climbed 0.38, or 2.6 percent, to 15.08 -- the highest close since Oct. 15. The index continues to show a widening disparity versus actual volatility, with the 10-day historical volatility of the SPX down at 6.1 percent.

VIX futures were mixed. The December futures were up 0.3 to 14.55, continuing at a discount to the spot VIX. The January futures rose 0.1 to 15.5. That had the VXX up 0.5 percent to 46.71.

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