Learn the trade here. Make it on tradeMONSTER

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

Stocks drift higher into long weekend

August 29, 2014

S&P 500 futures are up about 0.25 percent and back near their highs from earlier in the week. European markets are fractionally higher, and Asia was mostly positive overnight.

SPX

Chicago PMI on tap before holiday

August 29, 2014

Today's agenda brings a handful of reports, but trading will probably be light ahead of the Labor Day weekend. Data on personal income and consumer sentiment will accompany the Chicago reading.

SPX

Stocks pull back on Ukraine worries

August 28, 2014

The decline follows news late yesterday that Russian armored troops had entered Ukraine and were fighting in support of pro-Moscow rebels.

SPX

Revised GDP dominates calendar

August 28, 2014

The Commerce Department will report the second-quarter data at 8:30 a.m. ET. Economists forecast a GDP increase of 4 percent, equal to the preliminary estimate at the end of July.

SPX

Stocks take breather at record highs

August 27, 2014

Index futures are up less than 0.1 percent, and Europe is little-changed as investors anticipate monetary stimulus from the European Central Bank. Asian markets closed fractionally higher overnight.

Premium Services

Education & Strategy

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER