FOR 11/18 SPX resistance, pivot & support
Resistance R3 1808.27, R2 1803.24, R1 1800.71
Pivot Point 1795.68
Support S1 1793.15, S2 1788.12, S3 1785.59
NEXT WEEK
Monday: the NAHB index at 10am. Wednesday: Retail sales, the CPI, Existing home sales, Business inventories and the FOMC minutes. Thursday: weekly Jobless claims, the PPI, the Philly FED and Leading indicators. Busy week for the FED. Tuesday: FED chairman Bernanke gives a speech at 7pm. Wednesday: FED director Gibson testifies before the Senate. Thursday: FED governor Powell gives a speech at 9:45. Friday: FED governor Tarullo gives a speech at 12:15. Busy week, wild bull market run, enjoy the weekend and the week!
SPX DAILY CHARTS
QUICK LOOK ALL MAJOR INDEX WEEKLY
$SPX with component chart
$VIX
$CPC daily
QQQQ Daily
COMPQ
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com
Resistance R3 1808.27, R2 1803.24, R1 1800.71
Pivot Point 1795.68
Support S1 1793.15, S2 1788.12, S3 1785.59
For Weekly 11/18 -11/22 SPX weekly resistance, pivot & support
Resistance R3 1848.30, R2 1823.26, R1 1810.72
Pivot Point 1785.68
Support S1 1773.14, S2 1748.10, S3 1735.52
Resistance R3 1848.30, R2 1823.26, R1 1810.72
Pivot Point 1785.68
Support S1 1773.14, S2 1748.10, S3 1735.52
Stock market after a rally Friday and market opened the week higher, tried to break out above
SPX 1775, pulled back to 1761 Wednesday morning, then made all time new highs
for the rest of the week. For the week the SPX/DOW
were +1.45%, the NDX/NAZ were +1.70%, and the DJ World index was +1.5%. On the
economic front negative reports out numbered positive ones 7 to 4. On the uptick:
wholesale inventories, the monetary base, the WLEI and the Treasury deficit
improved. On the downtick: export/import prices, the NY FED,
industrial production, capacity utilization, plus both the trade deficit and
weekly jobless claims were higher. Next week we get a look at the Philly FED,
CPI/PPI, Retail sales and the FOMC minutes.
Short term support is at the 1779 pivot and SPX 1746, with
resistance at SPX 1810 and the 1828 pivot. Short term momentum is displaying a
negative divergence and quite overbought. The short term OEW charts remain
positive with the reversal level at SPX 1781.
Support for the SPX remains at
1761, 1750 and then 1730, resistance at 1810 and then 1828.
FOREIGN MARKETS
The Asian markets were mixed on the week but generated a
0.8% gain thanks to the 7.7% gain in Japan.
The European markets were also mixed but ending with a 0.1%
loss.
The Commodity equity group were mixed but gained 1.0%.
The DJ World index remains in an uptrend and gained 1.5% on
the week.
COMMODITIES
Bonds appears to be down trending but gained 0.4% on the
week.
Crude is down trending and lost 0.5% on the week.
Gold is down trending as well and lost 0.1% on the week.
The USD is up trending but lost 0.5% on the week.
NEXT WEEK
Monday: the NAHB index at 10am. Wednesday: Retail sales, the CPI, Existing home sales, Business inventories and the FOMC minutes. Thursday: weekly Jobless claims, the PPI, the Philly FED and Leading indicators. Busy week for the FED. Tuesday: FED chairman Bernanke gives a speech at 7pm. Wednesday: FED director Gibson testifies before the Senate. Thursday: FED governor Powell gives a speech at 9:45. Friday: FED governor Tarullo gives a speech at 12:15. Busy week, wild bull market run, enjoy the weekend and the week!
Take a look some market indicator charts- Click all charts
$SPX - 60 minSPX DAILY CHARTS
QUICK LOOK ALL MAJOR INDEX WEEKLY
$SPX with component chart
$VIX
$CPC daily
QQQQ Daily
COMPQ
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com
