VIX slips as SPX, RUT post highs
Equity indexes climbed to new highs on Friday as the CBOE Volatility Index slipped again.
The S&P 500 gained 8.91 points to close at 1804.76. That was the high of the day and a new all-time closing high. It has support at 1775.
The Nasdaq 100 was up 19.28 points to 3422.02, just off the 13-year closing high from the previous Friday. It has support at 3320.
The Russell 2000 rose 5.30 points to 1124.92. That too was the day's high and a new record closing 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 fell 0.40 points, or 3.16 percent, to 12.26. Despite the highs in the VIX, and the coming holiday week, which depresses volatility, it remains above last Friday's levels.
The VIX futures followed suit. The December futures closed at 13.60 and the January contracts at 15.20. That left the iPath S&P 500 VIX Short-Term Futures Note (:VXX) down 1.48 percent to $44.45.
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