OptionsHouse

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

Stocks inch lower on mixed news

July 31, 2015

S&P 500 futures are off 0.1 percent, mostly tracking the moves in Europe. Asia was mostly higher, led by again of 1.5 percent in Mumbai, though Shanghai dropped 1.1 percent.

SPX

Chicago PMI, energy earnings due

July 31, 2015

Chicago PMI is expected to show a reading of 50.5 for July, up from 49.4 in the previous month. Exxon Mobil and Chevron announce results before the opening bell.

SPX

Stocks slide on weak GDP report

July 30, 2015

S&P 500 futures are down about 0.3 percent, while European indexes are higher by about 0.5 percent. Asia was mixed overnight, Tokyo up 1 percent but Shanghai down 2 percent.

SPX

Preliminary GDP leads calendar

July 30, 2015

Economists are looking for growth of 2.5 percent in the second quarter, compared with a 0.2 percent drop between January and March.

SPX

Futures keep rising before Fed

July 29, 2015

S&P 500 futures are up 0.2 percent while European markets are fractionally higher. Shanghai was the biggest mover in Asia overnight, climbing 3 percent.

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

Premium Services

Archived Webinar

Education & Strategy

Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

View more education articles »