TLT

What can the Federal Reserve Bank Chairman Ben Bernanke say this afternoon to help lift the stock markets? The major stock indexes are already trading higher in anticipation of some positive remarks by the central bank boss. The falling U.S. Dollar Index is helping the stock market today, however, the weaker dollar is not good for the people that are using dollars to purchase goods.

The major indexes spent the entire session today in negative territory and saw the selling pick up during the last hour of trading.
Like in yesterday's session the Nasdaq Composite performed the worst finishing down 2.6% along with Semiconductor stocks down 3.4%.
The DJIA and SP 500 did not perform much better down 2.2% and 2.5%, respectively.

•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%.

Nasdaq Composite

$COMPX

Open gap down to 2,537

Consumer Discretionary

XLY

Open gap down to $36.29

Consumer Staples

XLP

Open gap down to $30.01

Energy

XLE

Open gap down to $62.83

Financials

XLF

Open gap down to $11.90

Health Care

XLV

Open gap down to $32.10

•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.

•Stocks declined heavy again with major indexes down at least 3.2% each today.
•SP 500 $SPX $SPY support/resistance moved down from 1,165 to 1,128 and 1,173 to 1,150.
•Nasdaq Composite $COMPX $QQQ support moved lower from 2,531 to 2,381 and resistance moved lower from 2,549 to 2,468.
•SP 500 and Nasdaq Composite are now both below their moving averages (21, 50, 200).

•Stock sold off hard with major indexes down at least 2% each.
•SP 500 $SPX $SPY support/resistance moved down from 1,199 to 1,165 and 1,204 to 1,173.
•Nasdaq Composite $COMPX $QQQ support moved lower from 2,580 to 2,531 (21 day moving average)-resistance moved lower from 2,598 to 2,549.
•SP 500 is once again below its moving averages (21, 50, 200).

The major stock indexes are surging higher this afternoon. The NASDAQ composite is leading the charge as the tech heavy index is trading higher by 2.17 percent. The strange thing about today is that everything is rallying higher. Bonds are soaring higher with the major stock indexes. Even the U.S. Dollar Index has rallied higher off of the morning lows.

Even though the market gave up a lot of the early gains that came on low participation from investors we are raising the support/resistance levels on the DJIA (DIA) (12,480/12,570) and S&P 500 (SPY) (1,316/1,331)...The support/resistance levels on the Nasdaq Composite (QQQ) (2,782/2,799) is the same...The Semiconductor Index (SOX) underperformed the indexes and was down 0.3%-the Semi ETF SMH was d

The Semiconductor Index (SOX) fared the worst in today's session with a decline of 2.9% and the Semiconductor Holders (SMH) ETF was down 3.1% on heavy volume-the SOX and SMH gapped down and have gaps between 402.66/405.48 and $33.64/$34.03, respectively-we are keeping our eyes on these levels as gap usually get filled in the near term...We are lowering the support/resistance levels on the DJIA (DI

We are lowering the support/resistance levels on the DJIA (DIA) (12,480/12,570), S&P 500 (SPY) (1,316/1,331), and Nasdaq Composite (QQQ) (2,800/2,815)...The S&P 500 slightly went below its 50-day moving average of 1,316.44 to 1,316.42 and closed above it at 1,319.49...The DJIA and Nasdaq Composite are 130 and 40 points above their respective 50 day moving averages...The selloff was not unexpected

Stocks had somewhat of a comeback and avoided a disaster after the jobs report disappointed...The Nasdaq Composite finished nears its highs for the day and the S&P 500 finished near the middle of its intra-day trading range...Even so based on the stock market direction we are are lowering the support/resistance levels on the S&P 500 (SPY) (1,343/1,345) and Nasdaq Composite (QQQ) (2,835/2,873)...Th

The action today has increased the support/resistance levels on the S&P 500 (SPY) (1,345/1,357)/Nasdaq Composite (QQQ) (2,872/2,874) but has the levels the same on the DJIA (DIA) (12,605/12,760)...Each of the three indexes was up at least 0.7%...A few interesting things to note underneath the hood of the stock market direction from a sector perspective today-defensive sector Utilities traded the m

The support/resistance levels are the same for the S&P 500 (SPY) (1,336/1,340) and Nasdaq Composite (QQQ) (2,823/2,834) and higher for the DJIA (DIA) (12,605/12,760)...The market might be waiting for the jobs report on Friday and for earnings season (which starts next week) before making any kind of material move...The major indexes rose moderately between 0.1% and 0.5% and the environment remains

The stock market direction action from today resulted in a mixed bag for the major indexes support/resistance levels...For the DJIA (DIA) (12,570/12,583) the support/resistance levels are slightly lower, support is the same and resistance down 3 points on the S&P 500 (SPY) (1,336/1,340), support/resistance for the Nasdaq Composite (QQQ) (2,823/2,834) is actually higher...From a technical perspecti