tradeMONSTER: Trade free for 90 days

Options Trading News

August 7, 2013  Wed 1:47 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Equity indexes pulled back yesterday but remain in a bullish trend.

The S&P 500 declined 0.57 percent to 1697.37, its first close below 1700 this month. It also managed to hold its 10-day moving average, which is potentially positive in the near term. Support remains at 1670.

The Nasdaq 100 fell 0.67 percent to 3122.20, two days after touching its highest level since the tech bubble collapsed in 2000. Support remains at 3030.

The Russell 2000 suffered the sharpest loss of the three indexes, declining 1.02 percent to 1052, but also held its 10-day moving average. Support remains at 1020.

(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns, so we will not guess at them.)

The CBOE Volatility Index rebounded from long-term support around 12 to close up 7.43 percent to 12.72. The VIX and the S&P 500 usually move in opposite directions.The iPath S&P 500 VIX Short-Term Futures Note (VXX), which is based on the two nearest-month VIX futures contracts, rose 3.07 percent to $14.48.
Share this article with your friends


Related Stories

SPX

Stocks rally again on Europe, oil

December 18, 2014

S&P 500 futures are up more than 1 percent, while most European indexes are gaining 2 percent. Asia was mostly higher overnight, led by a 2 percent gain in Tokyo.

SPX

Jobless claims, Philly Fed on tap

December 18, 2014

Today's economic calendar features initial jobless claims and the Philadelphia Federal Reserve's regional-activity index.

SPX

Stocks try to rebound before Fed

December 17, 2014

S&P 500 futures are up about 0.4 a percent, despite losses of about 1 percent in Europe. Asia was modestly higher overnight, and oil continues to decline.

SPX

Last Fed meeting of year on tap

December 17, 2014

Weekly mortgage applications will be the main item in the United States at 7 a.m. ET. One big catalyst could be a parliamentary vote in Greece.

SPX

Stocks down as oil keeps falling

December 16, 2014

S&P 500 futures are down 0.6 percent, while the declines in Europe approach 1 percent. Asia was mixed overnight, with Tokyo and Mumbai retreating 2 percent and Shanghai rallying 2 percent.

tradeMONSTER: Trade free for 90 days

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER