Learn the trade here. Make it on tradeMONSTER

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 continue retreat from highs

July 31, 2014

S&P 500 futures are down 0.6 percent. Europe is down across the board, led by a 2 percent selloff in Madrid. Asia was mixed overnight.

SPX

Jobless claims, Exxon results due

July 31, 2014

Initial jobless claims and Exxon Mobil's earnings are the main events on today's calendar. Economists forecast that 310,000 Americans sought unemployment benefits for the first time.

SPX

Stocks rally on strong GDP growth

July 30, 2014

S&P 500 futures accelerate to the upside after second-quarter economic growth and ADP's payroll report beat estimates.

SPX

GDP, Fed, job data lead calendar

July 30, 2014

ADP's private-sector payrolls report for July gets the ball rolling at 8:15 a.m. ET, followed 15 minutes later by second-quarter GDP. The Fed announces its monetary policy at 2 p.m. ET.

SPX

Stocks inch higher ahead of data

July 29, 2014

S&P 500 futures are up more than 0.1 percent, and the Nasdaq is higher by almost 0.2 percent. Europe shows gains of about 0.5 percent, similar to those in Asian markets overnight.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Education & Strategy

Why traders hedge with sector ETFs

Many people who are not familiar with options think that they increase risk, but their first and primary purpose is...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER