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Options Trading News

May 22, 2012  Tue 12:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes pumped the brakes on a two-week slide yesterday as buyers came back into stocks and commodities.

The euro remained strong against the greenback throughout the session, which helped fuel the upside move. The S&P 500 rose 1.6 percent, or 20.77 points, to close well above the 1300 level at 1315.99.

The Nasdaq 100 outperformed the other indexes, surging 2.7 percent, or 66.90 points, to close at 2545.43. Apple led the tech space throughout yesterday's session, adding 30.90 points, or 5.83 percent, to close at $561.28.
 
The Russell 2000 bounced back as well. The small-cap index gained 17.43 points, or 2.33 percent, to close at 764.64.

S&P 500
Resistance is now 1316.39 (yesterday's high), followed by 1318.99, 1320, and 1325.55.
Support is now 1312.16, followed by 1310, 1308.11, 1306.10, and 1301.80.
Nasdaq 100
Resistance is now 2547.69 (yesterday's high), followed by 2550, 2559.60, and 2567.71.
Support is now 2536.80, followed by 2529.90, 2520, and 2511.75.
Russell 2000
Resistance is now 765, followed by 766.82 and 770.
Support is now 763.50, followed by 760, 755.10, and 753.


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