Learn the trade here. Make it on tradeMONSTER

Options Trading News

October 31, 2012  Wed 2:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
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

SPX

Stocks retreat to start quiet week

September 22, 2014

Equity futures are pulling back from record highs this morning as investors prepare for a week with few economic reports or catalysts.

SPX

Home sales kick off quiet agenda

September 22, 2014

Existing home sales for August is the only U.S. data report today. The overnight session brings preliminary manufacturing data from China and Europe.

SPX

Stocks bullish as Alibaba debuts

September 19, 2014

The bullish momentum remains intact this morning, bolstered by the e-commerce giant's initial public offering later today and Scotland's decision to remain in the United Kingdom.

SPX

Quiet calendar through next week

September 19, 2014

Existing home sales are the main item for Monday's session. Preliminary manufacturing numbers are due for China overnight, followed early the next session by similar European data.

SPX

Futures advance on easy money

September 18, 2014

S&P 500 futures are up 0.4 percent, while most European markets are up 0.5 percent to 1 percent. Asia was mixed overnight, with India ripping almost 2 percent and Japan gaining more than 1 percent.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

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