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Options Trading News

May 8, 2012  Tue 12:15 AM CT

Major indexes recover from early selloff

Evan McDaniel | 

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. equity indexes posted slight gains yesterday after the futures got off to a rocky start Sunday evening following results from the elections in France and Greece.

Boosted by energy-sector stocks, the S&P 500 gained 0.48 points to close at 1369.58. It fell as low as 1363.94 in early morning trading.

The Nasdaq 100 got a lift from heavily weighted names Apple and Google. The index settled at 2639.28, up 1.36 points.

The Russell 2000 posted the largest gains among the major indexes yesterday, up 1.97 points to finish at 793.81.

S&P 500
Resistance is now 1373.90 (yesterday's high), followed by 1375.50 and 1379.46.
Support is now 1368.53, followed by 1365, 1363.94 (yesterday's low), and 1360.
Nasdaq 100
Resistance is now 2642.52, followed by 2645, 2650, 2651.94 (yesterday's high), and 2660.
Support is now 2637.10, followed by 2635, 2627.10, and 2620.96 (yesterday's low).
Russell 2000
Resistance is now 794, followed by 795.20 and 796.15.
Support is now 792.60, followed by 791 and 790.


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