FOR 4/28 SPX resistance, pivot & support
Resistance R3 1892.20, R2 1884.96, R1 1874.18
Pivot Point 1866.94
Support S1 1856.16, S2 1848.92, S3 1838.14
For Weekly 4/28-5/2 SPX weekly resistance, pivot & support
Resistance R3 1892.20, R2 1884.96, R1 1874.18
Pivot Point 1866.94
Support S1 1856.16, S2 1848.92, S3 1838.14
After a good rally last week the USA market, this week made a higher high then pulled back. For the week the SPX/DOW were -0.2%, the NDX/NAZ were -0.25%, and the DJ World index was -0.1%. Economic reports for the week were skewed to the upside. On the up tick: consumer sentiment, the monetary base, the WLEI, leading indicators, the FHFA and durable goods orders. On the downtick: the M1-multiplier, existing/new home sales, and weekly jobless claims were higher. Next week offers a plethora of economic data, including: Q1 GDP, monthly Payrolls and the FOMC.
FOREIGN MARKETS
FOREIGN MARKETS
The Asian markets were mostly lower on the week for a net
loss of 0.8%.
The European markets were mixed for a net loss of 0.3%.
The Commodity equity group were mostly lower for a net loss
of 1.8%.
The DJ World index lost 0.1% on the week.
COMMODITIES
Bonds remain in a downtrend but gained 0.1% on the week.
Crude appears to be in a downtrend and lost 3.8% on the
week.
Gold may have recently bottomed near our $1260 support area,
rising 0.5% on the week.
The USD has remained in a narrow trading range for quite a
few months. During the past six years this has occurred 4 previous times. Every
time has resulted in a breakout to the upside. The USD lost 0.1% on the week.
NEXT WEEK
Earning Calendar April 28-May 2, 2014
SPX DAILY CHARTS
QUICK LOOK ALL MAJOR INDEX WEEKLY
$SPX with component chart
$VIX
$CPC daily
QQQQ Daily
COMPQ
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