Learn the trade here. Make it on tradeMONSTER™

Trading News

September 7, 2012  Fri 12:14 AM CT

SPX, NDX propelled to multi-year highs

Evan McDaniel | 

SPX: SEE CHART GET CHAIN
Equity indexes soared to multi-year highs yesterday after European Central Bank leaders approved a "sterilized" bond-purchasing program.

The S&P 500 closed at a new four-year high of 1432.12. The SPX added 28.68 points, or 2.04 percent.

The Nasdaq 100 rose even more on a percentage basis to finish at 2829.71, its highest level since December 2000. The NDX gained 2.27 percent, or 62.76 points.

After consolidating yesterday, the Russell 2000 resumed its rally from Tuesday and gained 16.72 points, or 2.04 percent, to close at 837.95.

S&P 500
Resistance is now 1435, followed by 1440, 1445, and 1450.
Support is now 1430, followed by 1427.50, 1424.08, and 1418.14.
Nasdaq 100
Resistance is now 2830, followed by 2833.50, 2840, and 2850.
Support is now 2825, followed by 2816.50, 2812, and 2802.
Russell 2000
Resistance is now 839.23 (yesterday's high), followed by 840, 842.22, and 845.
Support is now 837, followed by 835, 830, and 825.


Related Stories

SPX

Global selloff hits equity indexes

May 23, 2013

S&P 500 futures are down almost 1 percent, while European indexes are lower by about 2 percent. The real declines came in Asia, where Japan's Nikkei plunged 7 percent and Hong Kong shed 2.5 percent.

SPX

Stocks keep climbing before Bernanke

May 22, 2013

S&P 500 futures are up about one-tenth of a percent ahead of the Fed chairman's appearance before Congress. Most European indexes are modestly lower but have been climbing in the last hour.

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.

optionMONSTER News

tradeMONSTER: Proactive Investing

New to trading?

Free virtual trading with paperTRADE™ »

DRJ's Blog

Thursday, May. 23, 2013

$VIX Futures over 16 Sell-um Sonar Report

stockMONSTER optionMONSTER tradeMONSTER