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Options Trading News

May 1, 2012  Tue 12:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. equity indexes closed lower yesterday despite relatively positive news in the morning on Spain's GDP, which showed less economic contraction than expected. Blue-chip stocks weighed heavily on the S&P 500 as shares of Caterpillar declined more than 1.5 percent.

The SPX 500 closed lower by 5.45 points, or 0.39 percent, at 1397.91. As the index fell back below the 1400 mark, its four-month winning streak came to an abrupt halt.

The Nasdaq 100 also declined yesterday as large-cap tech saw profit taking, specifically in Apple which lost 3.19 percent to close under the $600 level at $583.98. The NDX dropped 17.66 points, or 0.64 percent, to close at 2732.68.

The small caps were not immune to the profit taking either, as the Russell 2000 fell 8.59 points, or 1.04 percent, to close at 816.88.

S&P 500
Resistance is now 1398.15, followed by 1399.50, 1400, and1404.
Support is now 1396, followed by 1394 (yesterday's low) and 1392.21.
Nasdaq 100
Resistance is now 2725, followed by 2730.87, 2733.21, and 2737.54.
Support is now 2720.44, followed by 2718.65, 2715, and 2710.
Russell 2000
Resistance is now 820, followed by 822, 825, and 826.08 (Friday's high).
Support is now 816, followed by 815, 814.15, and 810.


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