Tuesday’s Options Alerts
Price action on the major
indexes dropped off in early trading, though managed to establish up trends by
11:00 a.m. ET that lasted into the close. Trading was light due to the Jewish
holiday Yom Kippur.
The Dow Jones Industrial
Average (($INDU.X)
closed +0.81% at 8380.18. The S&P 500 ($SPX.X)
closed +0.14% at 891.10. The Nasdaq ($COMPQ)
closed -1.20% at 1275.86.
Leading sectors of the day were
oil service ($OSX.X),
+1.36%, gold and silver ($XAU.X),
+1.04%, and consumer ($CMR.X),
+1.03%.
Heavy losses were made in
networking ($NWX.X),
-4.36%, semiconductors ($SOX.X),
-4.02%, and Internet ($MOT.X),
-2.50% at 6.63.
The major indexes are flirting
with the necklines of head-and-shoulder patterns on their daily charts, and this
week may prove to be a volatile one with earnings from key companies being
released, as well as a Triple Witching session for Friday. Tomorrow