Learn the trade here. Make it on tradeMONSTER

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

Case-Shiller, consumer data on tap

September 30, 2014

Today's agenda brings a mix of items, including European inflation data, the Case-Shiller index of home prices, the Chicago Purchasing Managers Index, and consumer confidence.

SPX

Stocks lower ahead of busy week

September 29, 2014

S&P 500 futures are down 0.6 percent, similar to declines in Europe. Asia was mixed overnight, with Hong Kong falling almost 2 percent after fierce pro-democracy protests.

SPX

Week filled with heavy flow of data

September 29, 2014

Today begins with German retail sales, followed on this side of the Atlantic by personal income and spending for August at 8:30 a.m. ET. Pending home sales follow at 10 a.m. ET.

SPX

Stocks try to hold following selloff

September 26, 2014

S&P 500 futures are up about 0.1 percent. European markets are fractionally higher, led by France, Italy, and Spain. Asia was mostly lower overnight, though India managed to climb 0.6 percent.

SPX

Revised economic data on docket

September 26, 2014

Today's agenda brings revisions of previously released economic numbers, followed by a much busier calendar next week.

Premium Services

Archived Webinar

Options on Futures are Still Options

Education & Strategy

Before you quit that day job...

I try to avoid popular-culture references, but this week's "American Ninja Warrior" struck a chord. One contestant had laid it...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER