Learn the trade here. Make it on tradeMONSTER

Options Trading News

August 6, 2013  Tue 1:45 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes pulled back slightly yesterday but remain in a firmly bullish trend.

The S&P 500 edged lower by 0.15 percent to 1707.14, barely 2.50 points below its record high on Friday. Support remains at 1670.

The Nasdaq 100 declined fractionally and remains less than 1 point below its highest level since the tech bubble was collapsing in 2000. Support remains at 3030.

The Russelll 2000 was the only of the three major indexes to close higher, adding 0.3 percent to a new record high of 1063. It has support at 1020.

(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns, so we will not guess at them.)

The CBOE Volatility Index also fell back below 12 and is down near its post-2008 closing low of 11.30 reached in March.
Share this article with your friends


Related Stories

SPX

Futures spike up on central banks

November 21, 2014

S&P 500 futures are up 0.8 percent, but Europe is leading the charge with a move of more than 2 percent. Central bankers in China and Europe fueled the moves.

SPX

Quiet agenda before Thanksgiving

November 21, 2014

Today's calendar is empty, followed by a busy week heading into Thanksgiving next Thursday. The only items are quarterly results from Foot Locker and ANN.

SPX

Stocks pull back on weak global data

November 20, 2014

S&P 500 futures are down 0.4 percent, but the losses are much sharper in Europe. Australia was the only big mover in the Asia-Pacific region, with a drop of 1 percent overnight.

SPX

Economic, company news on tap

November 20, 2014

Initial jobless claims and consumer prices for October get the ball rolling at 8:30 a.m. ET. Best Buy, Dollar Tree, GasLog, and JinkoSolar announce quarterly results before the opening bell.

SPX

Stocks hold firm before housing data

November 19, 2014

S&P 500 are little-changed, fighting back from modest losses earlier in the morning. Italy and Germany are the biggest movers across the Atlantic, while Asia was moderately lower overnight.

Premium Services

Webinar Playback

eSignal "Back in Black": Multi-Speaker Free Webinar

Education & Strategy

Some things aren't what they seem

As we scan the Heat Seeker, Depth Charge, and other option-tracking systems, we sometimes see heavy activity in calls and...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER