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

Revised GDP, Yellen lead calendar

March 27, 2015

The final reading of fourth-quarter gross domestic product is due at 8:30 a.m. ET, and Federal Reserve Chair Janet Yellen is slated to deliver a speech at 3:45 p.m. ET.

SPX

Stocks fall amid Yemen airstrikes

March 26, 2015

S&P 500 futures are down 0.7 percent, while the Nasdaq remained weaker with a drop of 1 percent. European indexes slid 1-2 percent, and Asia was broadly lower overnight. Oil and the yen are surging.

SPX

Jobless claims lead quiet calendar

March 26, 2015

The report at 8:30 a.m. ET is expected to show that 290,000 Americans sought unemployment benefits for the first time, down slightly from 291,000 the previous week.

SPX

Stocks edge lower, drifting in range

March 25, 2015

S&P 500 futures are down 0.1 percent as investors wait for the next catalyst. European stocks are lower as well, while Asia was little-changed overnight.

SPX

Stocks inch higher, lifted by Europe

March 24, 2015

S&P 500 futures rose 0.2 percent. They're following the move across the Atlantic, where Markit's purchasing managers index rose more than expected to its highest level in almost four years.

Invest Like a Monster - San Diego: June 26-27

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »