CBOE VIX Volatility Index dips for third straight day from Alex's blog

CBOE VIX Volatility Index dips for third straight day.

The CBOE VIX (NYSEARCA:VXX) edged lower on Tuesday, as the S&P 500 Index (NYSEARCA:SPY) posted tepid gains despite ongoing trade concerns.


The Chicago Board Options Exchange (CBOE) Volatility Index traded between 17.68  and 19.64 on Tuesday, eventually settling at 18.36. That represented a decline of 2% from the previous close. The so-called “fear index has dipped below the all-important 50 level on the Relative Strength Index, signaling a loss of momentum for volatility.



In equities, the S&P 500 Index pared gains to finish up 0.3% on Tuesday.

Major VIX ETFs:

iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA:VXX) Designed to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The Index uses CBOE Volatility Index futures by way of a long position in the first and second month VIX Futures contracts. VXX advanced 0.7%.


ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY declined 0.3%.


ProShares Ultra Short Term VIX Futures: (NYSEARCA:UVXY) UVXY is designed to deliver 2X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It tacks the two front months of the futures contract. UVXY  advanced 1.2%.


VelocityShares Daily 2x VIX Short Term Futures ETN (NYSEARCA:TVIX) TVIX is a leveraged VIX ETN designed to deliver 2X the returns of the daily S&P 500 Short Term Futures Index. TVIX advanced 1.6%.


The Final Word: A brewing battle over trade could weigh on Wall Street in the coming weeks, with investors generally adverse to any policy that promotes protectionism. It remains to be seen how the Trump administration will administer the new policy and whether Canada and Mexico will be excluded. 


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By Alex
Added Mar 6


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