Dow Jones Industrial Average (DJI)
AAPL
Chart of the Day
: Seven reasons why Tony thinks
Lions Gate Entertainment (
LGF
) looks ready to power higher.
And now, a look at the numbers...
At its intraday high of 13,151.72, the
Dow Jones Industrial Average (DJI - 13,107.21)
was up more than 48 points, but struggled to maintain a lead
throughout the session. By the close, the Dow eked out a slim
victory of 3.5 points -- posting its second day in a row above the
13,100 level. Thirteen of the 30 blue chips ended with wins, as
Intel Corporation (
INTC
) topped the list with a 1.2% gain. On the contrary, the 17
laggards were paced by Bank of America Corp's (
BAC
) 1.3% loss. On a weekly basis, the Dow retreated 1.8%
The
S&P 500 Index (SPX - 1,411.94)
and
Nasdaq Composite (COMP - 2,987.95)
parked on opposite sides of breakeven today, ending very close to
where they started. The SPX stayed just atop its 80-day moving
average, but gave back 1 point, or less than 0.1%. Meanwhile, COMP
bounced from its 200-day trendline, inching higher by 1.8 points,
or less than 0.1%. For the week, the SPX sawed off 1.5%, while the
COMP fell 0.6%.
The
CBOE Market Volatility Index (VIX - 17.81)
lost 0.3 point, or 1.7%, and gave up its short-lived perch atop the
18 level, though its 200-day moving average continued to offer
support. As the equities markets turned lower for the week, the VIX
jumped 4.4%.
Noteworthy stats at the close:
- The equity put/call volume ratio across all 10 options
exchanges ended at 0.87, with roughly 7.44 million calls and 6.53
million puts traded.
- The put/call volume ratio on the iPath S&P 500 VIX
Short-Term Futures ETN (NYSEARCA:VXX - 36.30) checked in at 0.85,
with calls outpacing puts.
- The New York Stock Exchange (NYSE) showed an advance/decline
ratio of 0.70, as the number of upward movers were overshadowed
by the decliners. Likewise, the advance/decline ratio on the
Nasdaq stood at 0.71.
More of today's big stories:
And, in case you missed it
...
Option Idea of the Week
: Skyworks Solutions Inc (
SWKS
).
For today's activity in commodities, options, and more, head
to page 2.
After trading on both sides of breakeven, oil futures settled
with modest gains today. A relatively upbeat round of domestic data
tipped the scales in the bulls' favor, as did
"Frankenstorm"-related production concerns. By the close,
December-dated crude tacked on 23 cents, or 0.3%, to end at $86.28
per barrel. For the week, however, black gold suffered a drop of
4.2%.
Gold futures, on the other hand, erased early gains to finish in
the red. By the time the dust settled, gold for December delivery
fell $1.10, or less than 0.1%, to end at $1,711.90 an ounce. For
the week, the malleable metal surrendered 0.7%, marking its third
straight weekly drop.
Levels to watch in trading...
-
Dow Jones Industrial Average (DJI - 13,107.21)
- support at 11,500; resistance at 14,000
-
S&P 500 Index (SPX - 1,411.94)
- support at 1,100; resistance at 1,500
-
Nasdaq Composite (COMP - 2,987.95)
- support at 2,400; resistance at 3,400
At the end of every market day, the staff at Schaeffer's
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