VIX declines as equities close mixed
Equity indexes were mixed but little-changed at the end of yesterday's trading, but the CBOE Volatility Index was lower.
The S&P 500 was down 1.95 points to 1689.47. It dipped right at the open but then stayed in a tight range from there. It has support at 1672 and resistance at 1709.
The Nasdaq 100 was up 7.35 points to close at 3125.92. It was down in the first minutes of trade but then was higher for the rest of the day. It has resistance at 3145 and support at 3030.
The Russell 2000 gained 5.27 points to finish at 1053.67. It has resistance at the high of 1063 from last week and support at 1020.
The VIX was oddly down 0.60 points, or 4.47 percent, to 12.81. Normally the VIX shows relative strength on Mondays as the SPX options are repriced after the weekend time decay . It is now below its close from Wednesday, as is the SPX.
The VIX futures followed lower. The August contracts, which have a week left to trade, were down 0.20 points to 13.35. The September futures also lost 0.20 points to close at 15 even. That had the iPath S&P 500 VIX Short-Term Futures Note (:VXX) down 0.56 percent to 14.52.
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