OptionsHouse

Options Trading News

August 31, 2012  Fri 1:35 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES

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

SPX

Stocks in holding pattern near highs

February 27, 2015

S&P 500 futures are down 0.15 percent but are less than a percentage point below Wednesday's peak. Most overseas markets were little-changed, aside from India, which rallied almost 2 percent.

SPX

GDP, Chicago PMI lead calendar

February 27, 2015

The Commerce Department will announce revised gross domestic product for the fourth quarter at 8:30 a.m. ET, followed by the Chicago Purchasing Managers index follows at 9:45 a.m. ET.

SPX

Futures inch higher after key data

February 26, 2015

S&P 500 futures are up about 0.1 percent ahead of key economic reports, while European markets gained about 0.3 percent on the heels of confidence numbers. Asia was strong overnight.

SPX

Durable goods lead today's docket

February 26, 2015

The Commerce Department will announce the numbers for January at 8:30 a.m. ET. Economists expect an increase of 1.7 percent overall and 0.5 percent excluding transportation equipment.

SPX

Stocks holding in range near highs

February 25, 2015

S&P 500 futures are off 0.1 percent, and most of Europe is down slightly more. Oil and currencies associated with global growth are trying to rebound on strong Chinese manufacturing numbers.

OptionsHouse

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

The Strike-Based Greeks

The other Greeks (Gamma, Vega, and Theta) are calculated by using month and strike data, and not by individual option. These are called strike-based Greeks. Gamma, Theta, and Vega are all strike-based Greeks

View more education articles »