2014-08-09 Weekend Market Update (Turnaround Friday In The S&P 500)
Posted on August 9th, by Mitchell Warren in Options Risk Management, Weekend Market Updates. Comments Off on 2014-08-09 Weekend Market Update (Turnaround Friday In The S&P 500)
Weekend Market Update
Turnaround Friday In The S&P 500
From the lows of Thursday night/Friday morning the S&P 500 futures rallied over 30 points to successfully test the key support level under the 100-day simple moving average (more info on the Weekend Stock Watchlist Update). All three of the major U.S. indices finished in positive territory for the week, but the Dow Jones Industrial Average’s (DJIA) 0.37% gain led the way. The Nasdaq-100 (NDX) and the S&P 500 (SPX) rose 0.22% and 0.33%, respectively. Volatility finished lower on the week as the spot Volatility Index (VIX) continued to struggle with the 17 level, falling 7.40% on the week.
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