Learn the trade here. Make it on tradeMONSTER

Options Trading News

May 16, 2012  Wed 12:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. indexes gave back yesterday's pre-market gains as developments continued to emerge from the debt crisis in Greece.

The euro continued its plunge against the dollar after Greece failed to form a government for the third time. Tepid U.S. retail figures and positive manufacturing data failed to stem the selling.

The S&P 500 fell 7.69 points, or 0.57 percent, to close at 1330.66. That was only slightly off the session low of 1328.41 and well under support of 1335.

The Nasdaq 100 toppled from highs over 2617.23 to lows of 2576.77 in afternoon trading as shares of Apple and Priceline.com fell sharply. The index closed at 2580.75, down 9.53 points, or 0.37 percent.

The Russell 2000 fell 1.59 points, or 0.2 percent, to close at 777.36. The small-cap index held up better than its peers, a departure from recent sessions.

S&P 500
Resistance is now 1333.36, followed by 1335, 1336.32, 1340, and 1345.42.
Support is now 1330, followed by 1328.41 (yesterday's low), 1325, 1320, and 1300.
Nasdaq 100
Resistance is now 2584.50, followed by 2590, 2592.35, 2598, 2600, and 2605.
Support is now 2576.77 (yesterday's low), followed by 2575, 2570, and 2565.
Russell 2000
Resistance is now 778, followed by 779, 781, and 782.
Support is now 777, followed by 775.97 (yesterday's low), 774, and 770.


Related Stories

SPX

Futures edging higher at key levels

June 18, 2013

S&P 500 futures are fractionally higher, while most overseas markets have posted small gains. Perhaps most importantly, the Japanese yen continued to weaken against the U.S. dollar and euro.

SPX

Stocks set to begin the week higher

June 17, 2013

S&P 500 futures are up more than half a percent while European indexes are gaining more than a full percentage point. Perhaps most important was a rally of almost 3 percent in Tokyo.

SPX

Futures hover after yesterday's rally

June 14, 2013

S&P 500 futures are fractionally higher and European indexes are seesawing in a range, though mostly positive. Asia gained in the overnight session, led by a 2 percent move in Tokyo.

SPX

Futures lower on bloodbath in Japan

June 13, 2013

S&P 500 futures are down along with steeper losses in Europe. The big catalyst today is a 6 percent drop in the Tokyo stock market and a 2 percent surge in the Japanese yen.

SPX

Stocks up after holding key support

June 12, 2013

S&P 500 futures are climbing by two-thirds of a percent and have been gaining all morning, while European markets are posting more modest gains. Asian markets fell overnight.

TRADING WEEKLIES

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Why education is key to options

People get into option trading for a number of reasons, but there are three primary motivations: to increase income, to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER