Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Stocks Strike Back

By Paul Cherney It is difficult (if not impossible) to assess just how much of Wednesday's action was the result of the unwinding of hedges for soon-to-expire put options on the large-cap techs of the NASDAQ (which have suffered in the decline since the beginning of February).

There was enough positive momentum created in Wednesday's session to tilt the odds in favor of gains on Thursday for the NASDAQ.

The NASDAQ has immediate (intraday) immediate support 2488-2468. Additional support is 2447-2417. The index finished the session in a test of resistance in the 2483-2504; there is thick resistance 2523-2555.

The S&P 500 has immediate support in the 1322-1311 area. This focus is within a broader area of support, which is 1329-1301. Immediate S&P 500 resistance is 1332-1339 then MAJOR, brick wall resistance is 1351-1389 with a focus in the 1353-1368 area. Cherney is market analyst for Standard & Poor's

blog comments powered by Disqus