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VIX slips as stocks end week flat

Chris McKhann (chris.mckhann@optionmonster.com)

Equity indexes were mixed but little-changed on Friday, while the CBOE Volatility Index was off fractionally.

The S&P 500 fell 3.53 points to 1836.25, leaving it just below the previous  Friday's close. It has resistance at 1850 and support at 1800.

The Nasdaq 100 lost 9.33 points to finish at 3662.60, though it did post a new 13-year intraday high of 3687.16. It may have resistance at that level, while support is at 3600.

The Russell 2000 was up 2.52 points to 1164.63. That was the small-cap index's highest close since Jan. 23, the day after its all-time high. Resistance is at the high of 1182, and support is at 1130.

The VIX was down 0.11 or 0.74 percent to 14.68. The nine-day CBOE Short-Term Volatility Index (:VXST) fell 0.21 points to 13.04. Both have remained elevated the last week as the SPX has approached its highs.

The VIX futures were higher, with the March contracts closing at 15.15 and April futures at 15.45. That had the iPath S&P 500 VIX Short-Term Futures Note (:VXX) up 1.1 percent to $43.01. 

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