Now that futures have been listed on CBOE Russell 2000 Volatility Index (RVX) I have decided to break things up a bit. The CBOE NASDAQ-100 Volatility Index (VXN) will now share a blog with RVX. This is much like when Greg Brady as the oldest sibling got to move to the attic. It was time for him to have his own space.
NDX climbed almost 2% on the holiday shortened week and closed on a 13 year high Friday. The Russell 2000 (RUT) was up 1.6% on the week showing strength in domestic and small cap stocks. For the week, VXN was up slightly rising 2% while RVX was up by almost 6%. Both these moves to the upside came despite the underlying markets moving up as well. Despite both VXN and RVX rising, all futures listed on both indexes actually dropped on the week.