Monday, September 26, 2011 Stock Market Performance
•Stocks bounced between gains and losses early in today's session but by the close the major indexes rose at least 1.4% each.
•SP 500 $SPX $SPY support/resistance moved up from 1,130 to 1,154 and 1,150 to 1,165.
•Support/resistance on the Nasdaq Composite $COMPX $QQQ rose to 2,483 from 2,470 and 2,536 from 2,483.
•Semiconductor Index $SOX $SMH lagged down 0.1%.
•All nine sectors were higher with only four higher on moderately above average volume.
•Financials $XLF led with a 4.5% but volume was below average.
•Utilities $XLU on below average volume lagged up 0.8%.
•Oil $USO was up 1.2% on below average volume.
•Gold $GLD was down again but finished in the upper end of its intra-day trading range down 1.4% on heavy volume.
•Silver $SLV down 0.7% but finished near its session highs on heavy volume.
•US Dollar $UUP was down 0.1% closing near session lows on heavy volume.
•Bonds $TLT and Treasury Inflation Protected Securities $TIP declined 1.5% and 0.5% on below average volume.
•$NTES was down 6% on moderately heavier volume.
•$EDU fell 1.4% on below average volume.
•Based on stocks I follow the stock market direction is bearish and has been active 1 trading session.
•The stock market direction has ranged b/t neutral and bearish territory recently with three sessions neutral the three sessions bearish.
•$XLY closed open gap down to $36.29.
•$XLP closed open gap down to $30.01.
•$XLF closed open gap down to $11.90.
•$XLI closed open gap down to $30.11 but closed below it.
•$XLU closed open gap down to $33.65.
•$TLT closed open gap up to $118.79; gap up to $108.98 still open.
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- 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
