Equity indexes posted more gains yesterday as the CBOE Volatility Index continued to slip.
The S&P 500 was up 5.62 points, or 0.3 percent, to 1883.95. The close was the SPX's highest since its intraday high of 1897 on April 4. That high is now resistance, and support is at 1850.
The Nasdaq 100 gained 8.03 points, or 0.22 percent, to 3582.02. Resistance remains at 3600 and support at 3500.
The Russell 2000 picked up 6.03 points, or 0.54 percent, to finish at 1126.86. unlike its two peers, the small-cap index remains below its 10- and 20-day moving averages. The RUT has resistance at 1140 and support at 1100.
The VIX was down 0.30 points, or 2.19 percent, to 13.41. The nine-day CBOE Short-Term Volatility Index (:VXST) fell 0.90 points, or 6.6 percent, to 12.73.
The VIX futures were mixed, with the May contracts closing at 15 for the second straight session and the June futures finishing at 15.75. That left the iPath S&P 500 VIX Short-Term Futures Note (:VXX) was up fractionally at $40.25.
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