Learn the trade here. Make it on tradeMONSTER

Options Trading News

September 25, 2013  Wed 2:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
The S&P 500 finished lower again yesterday, its first four-day decline since the first half of August. Other indexes fared better.

The SPX fell 4.42 points, or 0.26 percent, to 1697.42. It bounced from a seven-session low in the morning, pushed toward 1708, and then closed back near its lows. The last time it declined four straight days was between Aug. 14 and Aug. 19. Resistance is Thursday's high of 1730, and support is at 1670.

The Nasdaq 100 shed 0.68 points, or 0.02 percent, to finish at 3218.66. The index hit a 13-year intraday high of 3248.52 on Friday, which is now resistance. Support is at 3150.

The Russell 2000 was the only of the three indexes to climb, adding 2.55 points, or 0.24 percent, to 1074.68. It set a new all-time high of 1081.91, which is now resistance. The 1050 level is still support.

CBOE Volatility Index ended down 0.23, or 1.61 percent, to 14.08 despite the S&P 500 falling. The two indexes usually move inversely.

The VIX remains under its 200-day moving average and is well below the June peak of 21.91.
Share this article with your friends


Related Stories

SPX

Stocks inch lower before key events

September 16, 2014

S&P 500 futures are off 0.15 percent, while most of Europe is down about 0.4 percent. Asian markets fell sharply overnight, led by drops of 1.8 percent in Shanghai and 1.2 percent in Mumbai.

SPX

Inflation, German data on calendar

September 16, 2014

The first data comes early in the session, when Germany's Zew institute releases its economic-sentiment index. The Labor Department follows with its producer-price gauge for August at 8:30 a.m. ET.

SPX

Stocks slip before Fed, Scotland

September 15, 2014

Stocks are edging lower as investors prepare for the Federal Reserve's announcement and Scotland's independence vote later in the week.

SPX

Fed meeting looms large this week

September 15, 2014

The Federal Reserve's meeting on Wednesday dominates this week's calendar, but there are a handful of other items.

SPX

Stocks drift before retail sales

September 12, 2014

S&P 500 were fractionally positive but are now down less than 0.1 percent. European markets are little-changed, while Asia was mostly higher overnight.

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER