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%.
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 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
BTDStocks.com Thursday, May 12, 2011 End-of-Day Update
With the major indexes opening today's session down and things looking grim stocks staged a recovery and were able to reverse decent losses and finish higher with mild gains. Market breadth was generally positive but investor participation did not indicate the positive reversal had strong backing behind it.
BTDStocks.com Wednesday, May 11, 2011 End-of-Day Update
The bears had control of the stock market today as each of the major indexes declined at least 0.9%. Today's action was reminiscent of the type of trading we saw last week with investor selling pressure strong in down sessions. In contrast, during recent up day's buying from investors has been weak. Market breadth was weak today.
BTDStocks.com Tuesday, May 10, 2011 End-of-Day Update
Stocks rose today with each of the major indexes gaining at least 0.5%. The DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) all closed near their session highs. In addition, both the S&P 500 and Nasdaq Composite spent the entire session in positive territory while the DJIA was only slightly negative at one point during today's trading session.
BTDStocks.com Monday, May 9, 2011 End-of-Day Update
The stock market rose today with the major indexes gaining between 0.4% and 0.6% and was able to shrug off some bad economic news on both the U.S. and international front. Trading activity was calm and didn't indicate investors were buying shares strongly. Market breadth was mostly on the positive side.