OptionsHouse

Options Trading News

September 25, 2012  Tue 12:15 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. stocks ended lower yesterday after a pre-market drop in Apple weighed on the indexes early.

The company reported initial iPhone 5 sales of 5 million that fell short of controversial estimates by industry analysts, sending shares down more than $15 before the open. Although AAPL cut that loss to less than $10 at the close, the pullback pressured the large-cap indexes all day.

The Nasdaq 100 was hit particularly hard, trading as low as 2832.53 right off the open. The NDX regained some of that ground but still closed lower by 17.66 points, or 0.62 percent, at 2843.98.

The S&P 500 closed lower as well, falling 3.26 points, or 0.22 percent, to 1456.89. The Russell 2000 also declined, shedding 3.75 points, or 0.44 percent, to 851.76.

S&P 500
Resistance is now 1458, followed by 1460, 1461.50, and 1465.
Support is now 1455, followed by 1452.06 (yesterday's low), 1450, and 1448.
Nasdaq 100
Resistance is now 2856, followed by 2860, 2862.52, and 2875.
Support is now 2840, followed by 2832.53 (yesterday's low) 2828, and 2823.50.
Russell 2000
Resistance is now 852, followed by 854.45, 855.90, and 858.90.
Support is now 851, followed by 850, 849, and 847.09 (last week's low).
Share this article with your friends


Related Stories

SPX

Cautious puts in Procter & Gamble

April 27, 2015

The consumer health-care products giant fell sharply after reporting earnings last week, and traders are positioning for more potential losses.

SPX

Futures gain before Apple's report

April 27, 2015

S&P 500 futures are up 0.2 percent before Apple issues results this afternoon, while Europe is higher by up to 1 percent. Shanghai surged 3 percent and Hong Kong gained more than 1 percent.

SPX

Stocks up on earnings, Greek hopes

April 24, 2015

S&P 500 futures are higher by 0.1 percent, while the Nasdaq is up 0.6 percent. German equities climbed 0.6 percent after its Ifo business-confidence index beat expectations.

SPX

Greece, durable goods top agenda

April 24, 2015

Greek officials meet with Eurozone creditors, and Germany's Ifo business-climate index is also due early in the morning. U.S. durable-goods orders are due at 8:30 a.m. ET.

SPX

Global data weighs on U.S. futures

April 23, 2015

S&P 500 futures fell 0.3 percent. Frankfurt is down 1.3 percent, while Paris slid 1 percent and Milan is down 0.9 percent. Most Asia markets eked out small gains overnight.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Vega

There is another Greek which measures the effects on an option's price buy changing the amount of extrinsic value in the option, and that Greek is Vega...

View more education articles »