2013-11-09 Weekend Market Update (A Key Inflection Point For The S&P 500)
Posted on November 9th, by Mitchell Warren in Options Risk Management, Weekend Market Updates. Comments Off on 2013-11-09 Weekend Market Update (A Key Inflection Point For The S&P 500)
Weekend Market Update
A Key Inflection Point For The S&P 500
A better than expected October jobs report helped the S&P 500 (SPX) finish the week with a gain 0.51%. The Dow Jones Industrial Average (DJIA) added 0.94%, but the Nasdaq 100 (NDX) dropped 0.38% for the week. The 14 level remains resistance in the spot Volatility Index (VIX) as it declined 12.86%, following the third unsuccessful breakout attempt in the last month.
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