CBOE Volatility Index (.VIX) dips below 20. VIX is down .60 to 19.89 and hit session lows shortly after a report on existing home sales showed improvement to an annual rate of 6.54 million, up from 6.10 million and better than the 6.25 million economists were expecting. S&P 500 Index (SPX) hit a new 52-week high and VIX fell to within striking distance of its Nov 20 intra-day low of 19.77 and falling well below its 1-year closing low of 20.47 set on Nov 24.
Category: All Indexes
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.