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%.
Stock Market Direction For Thursday, September 15, 2011
Stock Market Direction For Wednesday, September 14, 2011
Stock Market Direction For Tuesday, September 13, 2011
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
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 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
The action today has increased the support/resistance levels on the DJIA (DIA) (12,570/12,584), S&P 500 (SPY) (1,336/1,343), and Nasdaq Composite (QQQ) (2,815/2,823)...Each of these indices gained at least 1.4% today...The Semiconductor Index (SOX) did even better gaining 2.1% and regained its 200 day moving average and is approaching its 50 day moving average...The five day rally this week has qu
DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQ) finish with gains of at least 1%...Looks like we might have gotten an improvement in volume thanks to the 2.5% gain in the Semis on strong volume...Keeping with the current market trend we are raising the support/resistance levels on the DJIA (12,391/12,427), S&P 500 (1,317/1,331), and Nasdaq Composite (2,766/2,799)...All 9 market sectors were