Learn the trade here. Make it on tradeMONSTER

Options Trading News

January 30, 2013  Wed 12:45 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks continued to advance yesterday, sending the S&P 500 to its highest level in more than five years.

The benchmark index closed at 1507.84, up half a percent from Monday's close, marking its 10th gain in the last 11 sessions. It's now above potential resistance of 1503, with the December 2007 peak near 1516 as the next potential level to watch. Support remains at 1470.

The Nasdaq 100 was essentially unchanged at 2742.43, continuing to struggle as sentiment shifts from technology to materials and energy.  Support and resistance remain at 2704 and 2770 respectively.

The Russell 2000 inched higher by less than a point, but that was still good enough for another new all-time closing high at 907.31. Support remains at 880.

The CBOE Volatility Index fell for the first time in nearly a week. It began the day higher at 13.88 but finished the session down 0.26 points, or 1.92 percent, at 13.31.
Share this article with your friends


Related Stories

SPX

Stocks continue bullish momentum

August 19, 2014

S&P 500 futures are up 0.15 percent, while most European markets are higher by about 0.5 percent. Asia was strong overnight, with Tokyo and Hong Kong each gaining more than 0.6 percent.

SPX

Housing data dominates calendar

August 19, 2014

Home Depot announces earnings before the opening bell and the Commerce Department will release July housing starts and building permits at 8:30 a.m. ET.

SPX

Nasdaq leads rebound as fears ease

August 18, 2014

S&P 500 futures are up half a percent, while most European indexes are higher by a full percentage point. Asia was mixed, with India's Sensex climbing 1 percent to new all-time high.

SPX

Volatility climbs with stocks mixed

August 18, 2014

The Nasdaq rose, while the S&P 500 and Russell 2000 edged lower Friday.

SPX

Midday index, ETF option volumes

August 15, 2014

Total option volume is spiking after fighting in Ukraine drove stocks lower. Hedging dominates the order flow.

Premium Services

Education & Strategy

Repairing losers with ratio spreads

Last week we mentioned the "stock repair strategy." This week is a good time to follow up, given the action...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER