VIX higher as equities close mixed
The CBOE Volatility Index rose slightly yesterday as equity indexes closed mixed but little-changed.
The S&P 500 was up just 0.16 points to 1744.66--a new closing high, if just barely. It was the middle of the day's small range. It continues to have support at 1660.
The Nasdaq 100 gained 7.30 points to 3361.18, another 13-year closing high for that index. It has support at 3250.
The Russell 2000 was down 2.29 points to 1112.48. The small-cap index peaked at 1117.32 in the morning, a new all-time intraday high. It has support at 1080.
(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 up 0.12 points to 13.16. It was as high as 13.63 in the morning and hit a low of 13.07 just after the bell.
The VIX futures were up more, which is unusual for a Monday. The November and December contracts were both up 0.25 points to 14.60 and 15.50 respectively. That had the iPath S&P 500 VIX Short-Term Futures Note (:VXX) up 0.82 percent to 12.96.
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