OptionsHouse

Options Trading News

July 29, 2013  Mon 1:16 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes closed near their highs on Friday, rebounding from earlier losses.

The S&P 500 rose 1.4 points to 1691.65, after declining 14 points in the morning. Resistance remains at the intraday high of 1699 earlier in the week and support at 1659.

The Nasdaq 100 was the strongest of the three benchmarks we monitor, gaining 0.48 percent to 3076.23. It also fought back from a 15-point drop and continues to hold its 10-day moving average. Resistance is at the intraday high around 1699, while 1659 is support.

The Russell 2000 lagged, shedding 0.54 percent to 1048.51. That comes one session after the index made a new all-time closing high on Thursday. Resistance is likely to be found at the intraday high of about 1057, with support at 1020. It also recovered from a drop of more than 1 percent earlier in Friday's session.

The gains in the S&P 500 pushed the CBOE Volatility Index down 0.25 points, or 1.93 percent, to 12.72. The iPath S&P 500 VIX Short-Term Futures Note (VXX), which comprises the two nearest-month VIX futures, fell 0.32 percent to a record closing low of $15.51.
Share this article with your friends


Related Stories

SPX

Stocks retreat following big surge

August 28, 2015

S&P 500 futures are down 0.7 percent, matching the declines in Europe. Asian markets were positive overnight, with Shanghai rallying 5 percent and Tokyo up 3 percent.

SPX

European, spending data on tap

August 28, 2015

European indexes covering the industrial, business, and consumer sectors are due early in the session and could have some impact on trading.

SPX

Strong GDP boosts stocks further

August 27, 2015

S&P 500 futures rose 1 percent, resuming their rebound after economic growth and jobless claims beat estimates. Europe gained more than 2 percent, and Shanghai surged 5 percent.

SPX

Revised GDP takes center stage

August 27, 2015

The Commerce Department is expected to report that the economy expanded 3.1 percent between April and June, up considerably from its early 2.3 percent growth estimate.

SPX

Stocks try to rally again after selloff

August 26, 2015

S&P 500 futures are up 2.4 percent, adding to gains after durable-goods orders beat estimates. Europe also recovered. Asia was mixed, with Shanghai down again but Tokyo rallying about 3 percent.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Options Academy: Ron's Risk Calculation--A Real Life Example

It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

View more education articles »