Resistance R3 1882.70, R2 1874.66, R1 1866.14
Pivot Point 1858.10
Support S1 1849.58, S2 1841.54, S3 1833.02
Resistance R3 1908.08, R2 1892.36, R1 1874.99
Pivot Point 1858.55
Support S1 1841.18, S2 1824.74, S3 1807.37
The USA stock started the week opening higher, but then took on the character that had started on expiration Friday: sell growth stocks after the opening. During the week the market had three gap up openings, no gap downs, and still ended the week lower. For the week the SPX/DOW were mixed, the NDX/NAZ lost 2.5%, and the DJ World index rose 0.8%. Economic reports for the week remained positive. On the uptick: Q4 GDP, FHFA housing prices, consumer confidence/sentiment, durable goods orders, personal income/spending, PCE prices, the WLEI and weekly jobless claims improved. On the downtick: Case-Shiller, new/pending home sales and the M1-multiplier. Next week we get a look at the monthly Payrolls, ISM and Auto sales.
Bonds remain in a downtrend but gained 0.2% on the week.
Monday: Chicago PMI at 9:45 and a speech from FED chair Yellen at 9:55. Tuesday: ISM manufacturing, Construction spending and Auto sales. Wednesday: the ADP index and Factory orders. Thursday: weekly Jobless claims, the Trade deficit, and ISM services. Friday: the Payrolls report. Best to your weekend and week!
SPX DAILY CHARTS
QUICK LOOK ALL MAJOR INDEX WEEKLY
$SPX with component chart
For the latest updates on the stock market, visit,