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Thursday, May 20, 2010

Stock Market Overview for 05/20/2010

Thursday, 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 21, 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 China TechFaith Wireless Communication Technology ADS (CNTF)
2 ProShares UltraPro Short QQQ (SQQQ)
3 Tengion (TNGN)
4 Hauppauge Digital (HAUP)
5 C&F Financial (CFFI)
6 First PacTrust Bancorp (FPTB)
7 NAPCO Security Technologies (NSSC)
8 Citi Trends (CTRN)
9 Management Network Group (TMNG)
10 Aruba Networks (ARUN)
11 SunPower Cl A (SPWRA)
12 Houston American Energy (HUSA)
13 Allot Communications (ALLT)
14 Pulaski Financial (PULB)
15 TechTeam Global (TEAM)
16 Omni Energy Services (OMNI)
17 Dollar Tree (DLTR)
18 First United (FUNC)
19 KIT digital (KITD)
20 Aware (AWRE)

Top Percentage Gainers NYSE
1 Advance Auto Parts (AAP)
2 Brush Engineered Materials (BW)
3 Trina Solar ADS (TSL)
4 Williams-Sonoma (WSM)
5 Gafisa ADS (GFA)
6 Vanceinfo Technologies ADS (VIT)
7 Nippon Telegraph&Telephone ADS (NTT)
8 Van Kampen Ohio Quality Municipal Trust (VOQ)
9 American Realty Investors (ARL)
10 Suntech Power Holdings ADS (STP)
11 Embotelladora Andina (Series A) ADS (AKOA)
12 MasterCard Cl A (MA)
13 Grupo TMM ADS (TMM)
14 Nuveen Select Tax-Free Income Portfolio (NXP)
15 BlackRock MuniYield New Jersey Insured Fund (MJI)
16 BlackRock Municipal Bond Investment Trust (BIE)
17 BlackRock Income Opportunity Trust (BNA)
18 MFS Special Value Trust (MFV)
19 Nuveen Michigan Premium Income Municipal Fund (NMP)
20 NTT DoCoMo ADS (DCM)

For Market TA analysis

The stock market extended its downtrend with another high volume selloff in the face of the second straight rally by they euro. Such widespread weakness not only left the stock market to close below its 200-day moving average for the first time since July 2009, but it also resulted in the stock market's worst single-session slide in more than one year. The S&P 500 is now down more than 10% from both its 52-week intraday high of nearly 1220 and its 52-week closing high of 1217, both of which were logged in late April. That marks the stock market first official correction since its surge from its multiyear low in March 2009. Though this session's selloff was the worst in over a year, the S&P 500 is still six points above the lows that were set during the "flash crash" exactly two weeks ago. With uncertainty wreaking havoc on trade, the Volatility Index spiked nearly 30% to a new 52-week high.

Short term market is oversold now, key support level now 1064 which is few days back low which is 1165.79. Support for the SPX 1058 and then 1041, with resistance now at 1090 and then 1107. Friday is options expiration Friday, always full of surprises.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 05/21 SPX resistance , pivot & support
Resistance R3 1143.10, R2 1119.26, R1 1095.42
Pivot Point 1083.50
Support     S1 1059.66, S2 1047.74, S3 1023.90
Market Outlook
Major Markets Close Change % Chg
$NYA NYSE Composite 6,653.00 -274.21 -3.96%
$COMPQ Nasdaq Composite 2,204.01 -94.36 -4.11%
$INDU Dow Industrial 10,068.01 -376.36 -3.60%
$XAX AMEX Composite 1,721.84 -65.97 -3.69%
$TRAN Dow Transports 4,160.51 -214.33 -4.90%
$UTIL Dow Utilities 359.83 -11.56 -3.11%

Major Indices Close Change % Chg
$SPX S&P 500 1,071.59 -43.46 -3.90%
$RUT Russell 2000 640.04 -34.36 -5.09%
$NDX Nasdaq 100 1,800.12 -73.30 -3.91%
$OEX S&P 100 487.93 -19.30 -3.80%
$SML S&P Small Caps 345.06 -17.81 -4.91%
$MID S&P Mid Caps 738.14 -33.08 -4.29%
$DJA Dow Composite 3,451.67 -140.21 -3.90%
$RUI Russell 1000 590.32 -24.15 -3.93%
$RUA Russell 3000 632.99 -26.57 -4.03%
$VLE Value Line 2,328.52 -111.58 -4.57%
$WLSH Wilshire 5000 11,225.70 -472.74 -4.04%

Commodities Closing Price
Gold Close - 1182
Oil Close -    68.02
Natural Gas Close -4.23

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