Friday, June 24, 2011
Our stock market direction ratings are: 1) Short Term: Bearish; 2) Long Term: Bearish...Nasdaq Composite (QQQ) and Semiconductor Index (SOX) gained 1.4% and 1.1%, respectively for the week (maybe a...
View ArticleTuesday, July 5, 2011
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...
View ArticleWednesday, July 6, 2011
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...
View ArticleThursday, July 7, 2011
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)...
View ArticleFriday, July 8, 2011
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...
View ArticleMonday, July 11, 2011
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...
View ArticleTuesday, July 12, 2011
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...
View ArticleWednesday, July 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...
View ArticleMonday, September 19, 2011 Stock Market Performance
•Major indexes were down at least 0.4% each but cut their losses more than half.•SP 500 $SPX $SPY support/resistance remains the same at 1,204 and 1,217.•Nasdaq Composite $COMPX $QQQ support moved...
View ArticleTuesday, September 20, 2011 Stock Market Performance
•Major indexes were up at least 1.1% each but reversed course and gave up their gains finishing in a range up 0.1% to down 0.9%.•SP 500 $SPX $SPY support/resistance moved down from 1,204 to 1,199 and...
View ArticleWednesday, September 21, 2011 Stock Market Performance
•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...
View ArticleThursday, September 22, 2011 Stock Market Performance
•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...
View ArticleFriday, September 23, 2011 Stock Market Performance
•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...
View ArticleMonday, 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...
View ArticleIs The SP 500 About to Stage a Multi Month Rally?
The S&P 500 must have taken notice of the multitude of headlines coming at market participants and proceeded on a path of pure chaos. Since October 4th, the S&P 500 Index (SPX) managed to trade...
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