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 fall as Greek banks close

June 29, 2015

Equities are down sharply after negotiations fell apart over Greece's debt crisis this weekend, closing banks in the nation until a special referendum is held July 5.

SPX

Short holiday week is full of data

June 29, 2015

Today's economic news starts early with German retail sales and several European sentiment indexes. Pending home sales at 10 a.m. ET are the main U.S. report.

SPX

Futures bounce despite Greece

June 26, 2015

S&P 500 futures are up 0.2 percent, while Europe has been fighting higher for the last two hours and is now little-changed. Asia slid overnight.

SPX

Calendar is quiet as month ends

June 26, 2015

No economic headlines or earnings reports are scheduled for today, so Greece will likely remain the center of attention. The agenda picks up next week.

SPX

Edison bulls look for comeback

June 26, 2015

Traders are snapping up calls in the electricity producer, which is down 14 percent this year and near 52-week lows reached in late September.

Invest Like a Monster - San Antonio: October 9-10

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Using synthetic positions vs. actual stock

We now know as absolute fact that a synthetic position is 100% identical to its real position counterpart. It is simply a function of mathematics. So, if they are totally identical then why would a trader ever use the synthetic alternative over the real position?

View more education articles »