Learn the trade here. Make it on tradeMONSTER

Trading News

July 30, 2012  Mon 12:14 AM CT

SPX: SEE CHART GET CHAIN
U.S. indexes surged for a second day in a row on Friday with further optimism that the European Central Bank will move to ease the Eurozone's financial crisis.

The S&P 500 added 25.95 points, or 1.91 percent, to close at 1385.97.

The Nasdaq 100 added 62.18 points, or 2.41 percent, to finish the day at 2647.03. Heavily weighted Apple gained added 1.73 percent to close at $585.16, its highest level since issuing a disappointing earnings report Tuesday evening.

The Russell 2000 leapt 18.89 points, or 2.43 percent, to outperform the other indexes and close at  796 even.

S&P 500
Resistance is now 1390, followed by 1395.50, 1400, 1405, and 1409.10.
Support is now 1383.22, followed by 1376.75, 1368.95, and 1362.
Nasdaq 100
Resistance is now 2650, followed by 2657.70, 2665, and 2675.15.
Support is now 2642.33, followed by 2635.35, 2626.73, and 2620.
Russell 2000
Resistance is now 798, followed by 800, 801.22, and 804.
Support is now 795.50, followed by 790, 787, and 783.98.


Related Stories

SPX

Bernanke fears weigh on sentiment

May 21, 2013

Now that employment, housing, and the global economy have improved, investors are growing nervous that the central bank will become less accommodative.

SPX

Corporate earnings lead the calendar

May 21, 2013

Corporate earnings are the main item on today's agenda as retailers Home Depot, Best Buy, Saks, and TJX report quarterly results.

SPX

Equities pull back after record close

May 20, 2013

S&P 500 futures are down two-tenths of a percent. European indexes have been falling modestly since the open and remain little-changed overall. Asian markets rallied overnight, led by Hong Kong and Tokyo.

SPX

Chicago Fed data only calendar item

May 20, 2013

Today's only item is the Chicago Federal Reserve's index of economic activity at 8:30 a.m. ET. The report seldom moves broader sentiment.

SPX

Stocks attempt to stage a rebound

May 17, 2013

The main catalyst for the buyers appears to be coming from Asia, where Tokyo and Shanghai indexes rallied overnight amid positive Japanese economic data and signs that Chinese authorities will reduce economic regulations.

optionMONSTER News

tradeMONSTER: Proactive Investing
stockMONSTER optionMONSTER tradeMONSTER