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Options Trading News

May 3, 2012  Thu 12:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Trading was quite choppy from the outset yesterday, starting with a pre-market ADP employment number that was much lower than expected.

The S&P 500 declined but still closed above the technically and psychologically significant 1400. The SPX fell 3.51 points, or 0.25 percent, to 1402.31.

The Nasdaq 100 climbed with the help of Apple and Priceline.com. The index finished at 2734.77, up 7.85 points, or 0.29 percent.

Despite a rocky open the Russell 2000 closed higher by 2.71 points, or 0.33 percent, at 818.60.

S&P 500
Resistance is now 1403.37 (yesterday afternoon's high), followed by 1405.80,1410, and 1415.32.
Support is now 1399.55, followed by 1397.50, 1393.92, and 1390.
Nasdaq 100
Resistance is now 2736.30 (yesterday's high), followed by 2740 and 2745.15.
Support is now 2724.15, followed by 2720, 2707.63 (yesterday's low), and 2705.
Russell 2000
Resistance is now 818.82 (yesterday's high), followed by 820 and 822.
Support is now 816, followed by 815, 810, and 807.98 (yesterday's low).


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