Options Trading News

August 31, 2012  Fri 1:35 AM CT


U.S. equity indexes closed lower Thursday as the S&P 500 retreated from long-term resistance and investors prepared for the Federal Reserve's Jackson Hole economic summit.

The S&P 500 SPX ended lower by 11.01 points or 0.78 percent to close under the 1400 metric at 1399.48. It's been drifting lower since hitting a four-year high near 1427 earlier in the month.

The Nasdaq 100 also succumbed to weakness in Apple, falling by 30.26 points, or 1.09, percent to 2743.74.

The Russell 2000 shed 9.20 points to 808.64 but remained above over support of 808.

S&P 500

Resistance is now 1400, followed by 1403.80, 1408.33 and 1410.08.
Support is now 1398, followed by 1397.01, 1395, and 1390.

Nasdaq 100

Resistance becomes 2760.14, followed by 2766, then 2775, and 2777.79.
Support is now 2750, followed by 2744.25, 2540 and 2737.

Russell 2000

Resistance is now 809, followed by 810, 811.76 and 812.50.
Support is now 808, followed by 807.66 then 805.33 and 801.

Share this article with your friends

Related Stories


Weak China data pressures stocks

October 13, 2015

S&P 500 futures are off 0.4 percent, while Nasdaq 100 futures are down 0.5 percent, but both are off their worst levels of the pre-market session.


J&J, JP Morgan, Intel earnings due

October 13, 2015

Another speech by a Federal Reserve official is on tap for this morning, but attention will quickly turn to quarterly results as the season begins in earnest.


Futures little-changed after rallies

October 12, 2015

Stock-index futures are little-changed this morning after last week's rallies, as U.S. trading is expected to be thin on this Columbus Day federal holiday.


Three Fed speeches on calendar

October 12, 2015

The markets are open on today's Columbus Day session, but no major economic releases are scheduled as attention turns increasingly to corporate earnings.


Rally continues, lifted by commodities

October 9, 2015

S&P 500 futures are up 0.2 percent, while most of Europe is higher by more than 1 percent. Tokyo and Shanghai led Asia with gains of more than 1 percent as well.


Premium Services

Archived Webinar

Education & Strategy

The protective put strategy

The Protective Put Strategy is a stock friendly which makes it great for individual investors. It is composed of a long stock position and a one to one ratio put position. This means that you own 1 put for every 100 shares of stock.

View more education articles »