Friday, September 23, 2011 Stock Market Performance
•After yesterday's brutal sell-off stocks rose with the indices gaining at least 0.4% today palpable to the prior session's losses.
•The broader SP 500 $SPX $SPY support level moved up slightly from 1,128 to 1,130 while resistance remains the same at 1,150.
•The support/resistance levels for the Nasdaq Composite $COMPX $QQQ moved higher from 2,381 to 2,470 and from 2,468 to 2,483.
•SP 500 and Nasdaq Composite remain below their moving averages (21, 50, 200).
•SP 500 did not test its August closing low of 1,119 in today's session.
•Nasdaq Composite continues to have an open gap down to 2,537.
•$XLY $XLK $XLI rose 1% plus on moderately heavier volume while $XLE was down 1.1% on moderately heavier volume.
•$XLB was down slightly on moderately heavier volume.
•Silver $SLV and gold $GLD were down heavy 14.2% and 5.5% on heavy volume.
•The US Dollar $UUP was down 0.3% on heavy volume.
•Oil $USO was slightly down on volume that was moderately heavier.
•Bonds $TLT were down 1.9% on below average volume.
•$SLW was down 8.9% on heavier volume.
•$SPRD was down 3.3% on lower volume.
•Based on stocks I follow the stock market direction is neutral and has been active 1 trading session.
•The stock market direction was bearish two sessions this week and neutral the other three sessions.
rocmarketdashboard.webs.com/
- Friday Volatility - Prepare for a stong move into the close
- Stock Market Analysis - Markets Pause, Chevron Hits New 52 Week High On Oil
- Stock Market Video: EU Comments Spook, Federal Reserve Admits To Support
- I See Debt People Everywhere: Europe Union, And U.S. Debt Ceiling In Focus
- Pre-Market News And Views for April 28th 2011
