The Nasdaq-100 was up less than the S&P 500 this past week, but managed a gain of 0.26% which places the tech heavy index up over 18% on the year. VXN was down about 3% on the week with a good part of that drop coming toward the end of the week.
The Russell 2000 was down last week despite a gain of over 1% for the S&P 500. Despite the drop in RUT, RVX was lower by 1% on the week.
The curves both moved in a twisting type motion last week. VXN was lower, the December future was flat, and the contracts expiring in 2015 moved up. In the case of RVX, the index and December contract were both lower with farther dated contracts moving up.