OptionsHouse

Options Trading News

February 25, 2013  Mon 1:16 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes rebounded on Friday after a two-day pullback.

The S&P 500 climbed 13 points, or 0.88 percent, to close at 1515.60. It rallied early after testing support below 1500 on Thursday and closed at its highs. The bounce also occurred at its 30-day moving average, indicating that momentum is still intact from January's big move. Support moves up to 1510 from 1495, while 1531 is continues to be resistance.

The Nasdaq 100 also bounced, but following a weaker rally than that of the S&P 500 and the Russell 2000. It gained 26 points, or 0.95 percent, to 2727.28. Support is at 2700 and 2600, while 2782 is resistance.

The Russell 2000 remains the strongest of the three indexes and is the only one to have touched record highs this year. It climbed almost 11 points, or 1.19 percent, to 916.16, also after testing its 30-day moving average. Support is to be found at 900 and 884, while 932 represents resistance.
Share this article with your friends


Related Stories

SPX

Futures climb after jobs report

July 2, 2015

S&P 500 rose 0.3 percent, up from an earlier gain of 0.1 percent after non-farm payrolls missed estimates by a small margin.

SPX

Job data in focus before holiday

July 2, 2015

Non-farm payrolls, moved forward from Friday, and weekly jobless claims are due at 8:30 a.m. ET. Factory orders for May follow at 10 a.m. ET.

SPX

Stocks hold gains after jobs data

July 1, 2015

S&P 500 futures rebounded 0.8 percent as investors look past the Greek debt crisis and focus on economic news. Europe was broadly higher while bonds continue to fall.

SPX

ADP jobs, ISM lead busy agenda

July 1, 2015

Mortgage applications are today's first U.S. headline, followed by ADP private-sector payrolls and the Institute for Supply Management's manufacturing index.

SPX

Cramer: 7 reasons for a selloff

June 30, 2015

At least seven issues would have driven us down at least 1 percent yesterday. And you can tack on another 0.75 percent from the moves by parties on both side of the Greek crisis.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Real vs. Synthetic

We now know that there are two ways of creating a call position, a put position, and a stock position. We can simply use the actual real security or we can recreate it synthetically. We can create these positions in both long and short forms and this ability sets up an interesting scenario--an arbitrage!

View more education articles »