Resistance R3 1815.18, R2 1804.53, R1 1793.56
Pivot Point 1782.91
Support S1 1771.94, S2 1761.29, S3 1750.32
Resistance R3 1825.74, R2 1812.25, R1 1797.42
Pivot Point 1783.93
Support S1 1769.10, S2 1755.61, S3 1740.78
The USA stock market was another volatile down week. While the range for the week was not that wide, (SPX 1770-1799), the wild swings every day, and sometimes intraday, were. For the week the SPX/DOW were -0.75%, the NDX/NAZ were -0.60%, and the DJ World index was down 1.20%. Economic reports for the week were about two to one on the positive side. On the up tick: Q4 GDP, Case-Shiller, consumer confidence/sentiment, personal spending, PCE prices, Chicago PMI, monetary base, and the WLEI. On the downtick: new/pending home sales, durable goods orders, the M1-multiplier, and weekly jobless claims rose. Next week will be highlighted by Payrolls, ISM and Auto sales.
The Asian markets were mostly lower for a net loss of 1.3%.
Bonds are up trending, as expected, and gained 0.7% on the week.
SPX DAILY CHARTS
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$SPX with component chart
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