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Options Trading News

June 14, 2012  Thu 12:14 AM CT

Spain downgrades weigh on indexes

Evan McDaniel | 

SPX: SEE CHART GET CHAIN FIND STRATEGIES
The major equity indexes meandered between positive and negative territory throughout yesterday's session as Spain saw it's sovereign debt rating lowered again, this time by both Moody's and Egan Jones.

Even as the euro remained strong against the dollar, the S&P 500 closed lower by 9.30 points, or 0.7 percent, to 1314.88.

The Nasdaq 100 fell 18.76 points, or 0.74 percent, to 2527.44 after shares of Apple and Deckers Outdoors declined.

The Russell 2000 lost 9.15 points, or 1.2 percent, to close at 752.38. Support at the 750 level held firm in the minutes before the close.

S&P 500
Resistance is now 1315.12, followed by 1317.50, 1320.01, 1322.48, and 1327-1330.
Support is now 1312.50, followed by 1310.51 (yesterday's low), 1307, 1305, and 1300.
Nasdaq 100
Resistance is now 2530, followed by 2534.90, 2545, 2550, 2557.31 (yesterday's high), and 2560.
Support is now 2525, followed by 2519.69 (yesterday's low), 2515.48, 2508, and 2500.
Russell 2000
Resistance is now 753, followed by 754, 756.23, 758.13, and 763.99 (yesterday's high).
Support is now 751.50, followed by 750, 748.63, 745, and 742.18.


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