The market finished with mild gains and losses on the major indexes. The DJIA (DIA) and S&P 500 (SPY) closed near their session lows while the Nasdaq Composite (QQQQ) closed near its session highs. Investor participation was mild in the session before the March jobs report. Market breadth was ok. Keeping with the trend we are lowering the support/resistance levels on the S&P 500 (see below).

In contrast to yesterday’s session stocks were able to reverse early losses and gain anywhere from 0.7% to 1.0%. Market breadth was good and investor participation picked up as stocks finished near session highs. As a result, we are raising the resistance levels on the DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) (see below).

Stocks rose moderately on Friday after giving up a significant amount of their early gains. Investor participation was lacking but market breadth was good. The action wasn't that impressive. However, keeping with the overall stock market direction trend we are raising the support/resistance levels on the DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) (see below).

The market erased early losses to finish higher in today's session. The major indexes rose between 0.3% to 0.6%. Investor participation picked up and market breadth was good. What was impressive was the markets ability to shrug off bad economic news and turn losses into gains. We are raising the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below).