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 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

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