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 in range as earnings flow

April 17, 2014

This morning's big companies--Goldman Sachs, General Electric, Morgan Stanley, and PepsiCo--are all trading higher after beating estimates.

SPX

GE, Goldman, jobless claims on tap

April 17, 2014

Earnings and jobless claims are the main events on today's calendar. Trading will likely be light with markets closed tomorrow for Good Friday.

SPX

Futures rise, halting recent slide

April 16, 2014

S&P 500 futures are up more than 0.5 percent, while the Nasdaq is up almost 1 percent. Most European indexes are up a similar amount, while Tokyo led Asia with a 3 percent rally.

SPX

Earnings, housing data on docket

April 16, 2014

Today's calendar includes earnings from Bank of America and Google, plus housing data. Economic headlines start early with European inflation, which could affect the euro and energy.

SPX

Stocks higher as earnings flow

April 15, 2014

S&P 500 futures are up about 0.3 percent. Europe is fractionally lower but has been gaining as New York's open approaches. Asia was mixed overnight, with Japan higher and China lower.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

When cash is king (of hedging)

Whether your trades are winning or losing, it can be tempting to add to your positions. But in either case,...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER