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Trading News

August 22, 2012  Wed 12:58 AM CT

SPX: SEE CHART GET CHAIN

A late-day drop by Apple dragged U.S. indexes lower yesterday, halting a rally that began overnight in Europe.

The S&P 500 ended lower by 4.36 points or 0.35 percent to close at 1413.17. Earlier in the session it made a new 2012 high of 1426.68.

The Nasdaq 100 declined by 12.13 points or 0.44 percent to close at 2772.20 after making a new 2012 high at 2802.91.

The Russell 2000 small cap index was the strongest on a relative basis, falling just 0.14 percent, or 1.15 point, to 815.36.

S&P 500

Resistance is now 1414, followed by 1416.96, 1420, and the 2012 high of 1426.28.
Support is now 1412.32 followed by 1411.22, 1408 and 1403.83.

Nasdaq 100

Resistance is now 2779.86, followed by 2783.86, 2790 and the 2012 high of 2802.91.
Support is now 2770 followed by 2763.37, 2760, 2750 and then 2743.04.

Russell 2000

Resistance is now 817.90, followed by 820, 822.50 and then Tuesday's high of 827.13.
Support is now 814.02 followed by 813.64, 810.67 and then 808.



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