VIX near 15 as SPX hits new high – Nasdaq

Equity indexes remained bullish yesterday, with the S&P 500 closing at a new record level while the CBOE Volatility Index fell near the 15 level.

The SPX climbed 7.89 points, or 0.38 percent, to end at its session high of 2078.54. The benchmark index remains below the intraday peak of 2079.46 established on Dec. 5, which is now resistance. Support is at 1975.

The Nasdaq 100 climbed 11.89 points, or 0.28 percent, to 4293.67. The NDX remains under resistance at 4300, with the next level at the November high of 4347. Support is at 4200.

The Russell 2000 gained 5.92 points, or 0.5 percent, to 1201.86. It was the small-cap index’s best close since its record high in early July. The RUT has resistance at that intraday high of 1213 and support at 1150.

The VIX fell 1.34 points, or 8.13 percent, to 15.14. That was near the volatility index’s lows of the session and was the first move under its 50-day moving average since Dec. 9. The nine-day CBOE Short-Term Volatility Index (VXST) fell 1.07 points, or 7.77 percent, to 12.70.

The iPath S&P 500 VIX Short-Term Futures Note (VXX) was down 4.72 percent to $28.49.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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