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Wednesday, May 12, 2010

Stock Market Overview for 05/11/2010

Tuesday, during regular trading hours, there were many stocks that continued to break up to the upside. These stocks are usually going up  with news.If you are looking to day trade today, you might want to check out the following stocks. I usually throw these on my watch list and monitor with resistance & support levels. Below are a list of stocks that I am watching for May 12, 2010.Check out some of the My Portfolios  Top 2010 Stock Gainers - Top 2010 Penny Stocks. Also more stock to watch for today  Right Here

Top Percentage Gainers NASDAQ
1 ADDvantage Technologies Group (AEY)
2 Cirrus Logic (CRUS)
3 Sun Hydraulics (SNHY)
4 Meta Financial Group (CASH)
5 Zoltek (ZOLT)
6 Hong Kong Highpower Technology (HPJ)
7 M B T Financial (MBTF)
8 Bassett Furniture Industries (BSET)
9 Security National Financial Cl A (SNFCA)
10 Pacer International (PACR)
11 ESB Financial (ESBF)
12 CalAmp (CAMP)
13 MAP Pharmaceuticals (MAPP)
14 DragonWave (DRWI)
15 Infinity Pharmaceuticals (INFI)
16 Netlist (NLST)
17 Hoku (HOKU)
18 AXT (AXTI)
19 Broadwind Energy (BWEN)
20 Affymax (AFFY)

Top Percentage Gainers NYSE
1 Acorn International ADS (ATV)
2 American Realty Investors (ARL)
3 Maidenform Brands (MFB)
4 Maguire Properties (MPG)
5 Legg Mason (LM)
6 Cascade (CASC)
7 IAMGOLD (IAG)
8 Borders Group (BGP)
9 Jaguar Mining (JAG)
10 Eldorado Gold (EGO)
11 Duoyuan Printing (DYP)
12 Harmony Gold Mining ADS (HMY)
13 Lin TV (TVL)
14 Silver Wheaton (SLW)
15 Vimpel Communications ADS (OVIP)
16 Midas (MDS)
17 Kinross Gold (KGC)
18 IDT (IDTC)
19 Circor International (CIR)
20 Portugal Telecom ADS x (PT)
 
For Market TA analysis
The stock market made a steady march higher for the first part of the session, but its gains faded so that listless trade turned into a mixed finish. Trade opened with a loss of roughly 1% as global indices moved lower amid renewed selling pressure, which came about as concerns grew over the ability of eurozone countries to remedy the fiscal problems that have put them on tenuous financial footing. There are also concerns related to how efficiently funds pledged for euro zone countries by the European Union and International Monetary Fund can be dispensed.

Despite the weak start, stocks were able to gradually chop their way into higher ground. At its session high, the S&P 500 was up almost 1%. Meanwhile, the NASDAQ climbed as much as 1.3%.

For going forward,Support for the SPX jumps to 1146 and then 1136, with resistance at 1168 and then 1176.I do think this week market could up & down like last week.I will be careful here.All chart broken  their  resistance and support level how to trade now that will be big question now.We could see 200-300 points up/down days are coming in next few days, it will be same like last  year. So we should trade small lot.Take a look all 1/5/15/60m chart if we want to trade this market.

Take a look some market indicator charts- Click all charts
$SPX - 60 min
ALL QUICK LOOK INDEX DAILY CHARTS
QUICK LOOK ALL MAJOR INDEX WEEKLY
$USD
$VIX
$CPC daily
$SPX, $USD & $VIX
INDEX Bullish percent index (EOD)
Simple Trading System  
QQQQ Daily 
COMPQ 
 
FOR 05/12 SPX resistance , pivot & support
Resistance R3 1193.25, R2 1180.75, R1 1155.77
Pivot Point 1157.98
Support     S1 1145.49, 1135.21, S3 1122.72

Market Outlook
Major Markets Close Change % Chg
$NYA NYSE Composite 7,221.66 -35.96 -0.50%
$COMPQ Nasdaq Composite 2,375.31 +0.64 +0.03%
$INDU Dow Industrial 10,748.26 -36.88 -0.34%
$XAX AMEX Composite 1,881.25 +15.03 +0.81%
$TRAN Dow Transports 4,561.05 +25.22 +0.56%
$UTIL Dow Utilities 382.40 +0.75 +0.20%

Major Indices Close Change % Chg
$SPX S&P 500 1,155.79 -3.94 -0.34%
$RUT Russell 2000 695.48 +5.87 +0.85%
$NDX Nasdaq 100 1,940.48 -2.13 -0.11%
$OEX S&P 100 525.55 -1.86 -0.35%
$SML S&P Small Caps 371.65 +2.73 +0.74%
$MID S&P Mid Caps 798.34 +2.20 +0.28%
$DJA Dow Composite 3,711.17 +0.78 +0.02%
$RUI Russell 1000 636.91 -1.90 -0.30%
$RUA Russell 3000 683.35 -1.39 -0.20%
$VLE Value Line 2,521.80 +7.50 +0.30%
$WLSH Wilshire 5000 12,125.24 -23.43 -0.19%

Commodities Closing Price
Gold Close - 1233.50
Oil Close -    75.88
Natural Gas Close -4.19

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