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Friday, May 21, 2010

Stock Market Overview for 05/21/2010

Friday, 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 24, 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 Hong Kong Highpower Technology (HPJ)
2 Carmike Cinemas (CKEC)
3 Eagle Rock Energy Partners (EROC)
4 CompuCredit Holdings (CCRT)
5 Parkvale Financial (PVSA)
6 Gulf Resources (GFRE)
7 Raven Industries (RAVN)
8 Westwood One (WWON)
9 Solarfun Power Holdings ADS (SOLF)
10 vitacost.com (VITC)
11 Overstock.com (OSTK)
12 China Valves Technology (CVVT)
13 pSivida (PSDV)
14 Cardtronics (CATM)
15 Hauppauge Digital (HAUP)
16 China Gerui Advanced Materials Group (CHOP)
17 Integrated Electrical Services (IESC)
18 Compuware (CPWR)
19 Carrollton Bancorp (CRRB)
20 Centrue Financial (TRUE)

Top Percentage Gainers NYSE
1 CAI International (CAP)
2 Global Geophysical Services (GGS)
3 Zale Corp. (ZLC)
4 Doral Financial (DRL)
5 Semiconductor Manufacturing International ADS (SMI)
6 TERNIUM ADS (TX)
7 China Green Agriculture (CGA)
8 Pier 1 Imports (PIR)
9 Harman International Industries (HAR)
10 Panhandle Oil&Gas (PHX)
11 Maxcom Telecomunicaciones ADS (MXT)
12 Excel Maritime Carriers (EXM)
13 Textainer Group Holdings (TGH)
14 Ann Taylor Stores (ANN)
15 K-Sea Transportation Partners (KSP)
16 Walter Energy (WLT)
17 ReneSola ADS (SOL)
18 Sunrise Senior Living (SRZ)
19 Banco Santander Brazil ADS (BSBR)
20 A.M. Castle (CAS)

For Market TA analysis

Big raily pressure in the first few minutes of trade dropped the stock market to a fresh three-month low, but a rally by financials helped swing the broader market to higher ground and put an end to its recent streak of losses.

Global participants reacted to the stock market's 3% drop in the prior session by trimming risk overnight. That caused steep slides among many foreign markets and sent the S&P 500 down another 1.5% in the first few minutes of Friday's trade. Such a sharp drop put the benchmark index below the depths that were set during the "flash crash" two weeks ago and at its worst level since early February.

Support for the SPX remains at 1055 and then 1041, with resistance at 1090 and then 1102.I like end of the action Friday's close. Let see the next week market what  SPX do.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 05/24 SPX resistance , pivot & support
Resistance R3 1124.42, R2 1112.17, R1 1099.93
Pivot Point 1077.91
Support     S1 1065.67, S2 1043.65, S3 1031.41

FOR Weekly 05/24-05/28  SPX resistance , pivot &, support
Resistance R3 1241.42, R2 1190.17, R1 1138.93
Pivot Point 1097.41
Support      S1 1046.17, S2 1004.65, S3 953.41

Market Outlook
Major Markets Close Change % Chg
$NYA NYSE Composite 6,775.45 +122.45 +1.84%
$COMPQ Nasdaq Composite 2,229.04 +25.03 +1.14%
$INDU Dow Industrial 10,193.39 +125.38 +1.25%
$XAX AMEX Composite 1,743.94 +22.10 +1.28%
$TRAN Dow Transports 4,241.59 +81.08 +1.95%
$UTIL Dow Utilities 361.79 +1.96 +0.54%

Major Indices Close Change % Chg
$SPX S&P 500 1,087.69 +16.10 +1.50%
$RUT Russell 2000 649.29 +9.25 +1.45%
$NDX Nasdaq 100 1,822.77 +22.65 +1.26%
$OEX S&P 100 494.31 +6.38 +1.31%
$SML S&P Small Caps 349.52 +4.46 +1.29%
$MID S&P Mid Caps 749.97 +11.83 +1.60%
$DJA Dow Composite 3,497.53 +45.86 +1.33%
$RUI Russell 1000 599.35 +9.03 +1.53%
$RUA Russell 3000 642.64 +9.65 +1.52%
$VLE Value Line 2,363.44 +34.94 +1.50%
$WLSH Wilshire 5000 11,396.40 +170.70 +1.52%

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

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