Options Trading News

October 31, 2012  Wed 2:14 AM CT

As the markets return from their two-day closure, the S&P 500 is facing support just above the key 1400 level.

The SPX closed last Friday at 1411.94, down 1.03 points. It fell from the day's high going into the bell but finished well above the session low of 1403.28. Support remains at 1407 and resistance at 1440.

The Nasdaq 100 was higher by 8.18 points on Friday, closing at 2665.83. It followed a similar intraday pattern as the S&P 500 but held more of the gains into the bell. Support is at 2650 and resistance at 2715.

The Russell 2000 was down 3.57 points to finish at 813.25. Unlike the other two indexes, it reached its session high right after the open and was unable to recoup the subsequent losses. Support is at 807 and resistance at 846.

The CBOE Volatility Index also closed lower. It was down 0.31 points, or 1.71 percent to 17.81, climbing off its low into the close. It was above 18 for much of the day.
Share this article with your friends

Related Stories


Stocks inching higher before ISM

December 1, 2015

S&P 500 futures are up 0.4 percent, undoing most of yesterday's late slide, while European markets are little-changed. Asia was mostly higher overnight.


ISM, autos, construction data due

December 1, 2015

Due at 10 a.m. ET, the Institute for Supply Management's manufacturing index is expected to show a reading of 50.4 for November, up from 50.1 the previous month.


Stocks inch higher before events

November 30, 2015

S&P 500 futures are up 0.2 percent but remain within their recent range. European markets rose fractionally and Asia fell overnight, led by a drop of almost 2 percent in Seoul.


Jobs, ECB, OPEC on full docket

November 30, 2015

The Chicago Purchasing Managers Index and pending home sales get the ball rolling today at 9:45 a.m. and 10 a.m. ET, respectively.


Stocks inch higher before data

November 25, 2015

S&P 500 futures are up about 0.1 percent, while most of Europe is rallying more than 1 percent. Asia was mostly lower overnight.



The fastest money in the market
View full report »

Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »