OptionsHouse

Options Trading News

October 2, 2012  Tue 12:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
After a sharp 1 percent rally early yesterday morning, profit-taking throughout the session left the major indexes mixed by the close.

The S&P 500 traded as high as 1457.14 off the open before pulling back to finish at 1444.49, a gain of 3.82 points, or 0.27 percent.

The Nasdaq 100 also declined throughout the session after climbing to 2827.61 early. Shares of heavily weighted Apple gave up early gains and pushed the NDX into negative territory at the close, down 4.91 points, or 0.18 percent to 2794.28.

The Russell 2000 closed higher by 2.86 points, or 0.34 percent, at 840.31

S&P 500
Resistance is now 1446.29, followed by 1449.90, 1455, and 1457.14 (yesterday's high).
Support is now 1442.08, followed by 1440.84, 1437.42, and 1430.53.
Nasdaq 100
Resistance is now 2796, followed by 2800, 2804.32, and 2814.75.
Support is now 2790, followed by 2784, 2773, and 2768.58.
Russell 2000
Resistance is now 841.22, followed by 844.50, 845.14, and 847.
Support is now 840, followed by 838.58, 835, and 831.82.
Share this article with your friends


OptionsHouse

Premium Services

Education & Strategy

The Problem with Trading Earnings

AP Options specializes in Swing Trading. Swing trading is the art of locating short term, quick, aggressive movements in a stock normally created by the technicals but, can be sometimes created by the fundamentals. These trades, at least in this service, last a couple of days to a week in the majority of cases.

View more education articles »