News Breaks |
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| December 12, 2012 |
| 13:14 EDT |  | SPY, SPX | S&P 500 rallies after Fed links bond purchases to unemployment rate target
The index is hitting the highs of the session after the Fed announced that rather than bond purchases following a temporal target, that it would instead link them to an unemployment rate of 6.5% or more, with a proviso on inflation expectations 1 to 2 years out being no more than 2.5%. Resistance is at the high of the session at 1438.22 and then at 1440. Support is at 1434.27, yesterday's high. |
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News For SPY;SPX From The Last 14 Days Check below for free stories on SPY;SPX the last two weeks. |
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| May 22, 2013 |
| 11:12 EDT | | SPX, SPY | S&P 500 reverses lower from new life high and spike high, levels to watch
The index hit a new life high today, touching above 1685 to 1687.16. That level now becomes key resistance. It puts the index tantalizing close to the 1700 level which many sell side analysts had set as a year-end target. At the current level of 1675.26, the index is teetering on support. A move lower could see a test down to the low of the session at 1669.39. A further break would put 1665 in play. There is a risk that today was a blow-off top in response to Bernanke's testimony before Congress. With "fear" gauges near lows, that may not seem important but it could become a theme in coming weeks if the index fails to make new highs nearly each day. The index is extraordinarily over-bought, which may not be the negative most analysts assume unless it ceases to become so. The gap between the 50-day moving average and current price is large, by any historical measure. The 50-day was last at 1586.46. A test down to that average, which shouldn't be unexpected on big profit taking, would probably feel as if the wheels were coming off the wagon to the bulls. That however would just be a test to long-term support, which is quite normal in bull markets. |
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| 10:06 EDT | | SPX, SPY | S&P 500 rises to fresh life high on dovish Bernanke testimony
Traders appear to be taking Bernanke's testimony before Congress as an assurance that there will be no substantial tapering of quantitative easing in the near future. The index has risen to a fresh life high, now at 1679.96. The 1680, then 1685 areas are likely next upside targets as we climb new territory by "5s" and "10s". Support is now at 1675. |
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| 08:45 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
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| 08:45 EDT | | SPX | S&P 500: Pivot points
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| May 21, 2013 |
| 11:33 EDT | | SPY, SPX | S&P 500 has a potential bearish intraday pattern
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| 10:32 EDT | | SPX, SPY | S&P 500 turns down from resistance at 1670 area
The index can't seem to hold above 1670, and is now turning lower as we head into the second half of the trading morning on the east coast. At the current level of 1664.86, next support is at 1659.77 and then at 1655.16. Resistance is at 1670. |
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| 08:45 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
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| 08:45 EDT | | SPX | S&P 500: Pivot points
The following are the pivot points for the SPX. Pivot High: 1674.225, Pivot Low: 1664.905. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. |
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| May 20, 2013 |
| 14:23 EDT | | SPX, SPY | S&P 500 falls to session lows in later afternoon trading
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| 11:13 EDT | | SPX, SPY | S&P 500 nears another new life high, levels to watch
The 1670 level appears likely to be touched today. A breakout above it would mean a probable set of upside objectives at the "5s" and "10s", 1705 and 1710 respectively. Support is at 1664.63, today's session low. Energy and the Financials are doing most of the upside heavy lifting today. Consumer Staples, Consumer Discretionary, and Health Care are laggards or red on the day. |
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| 08:45 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
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| 08:45 EDT | | SPX | S&P 500: Pivot points
The following are the pivot points for the SPX. Pivot High: 1674.980, Pivot Low: 1659.960. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. |
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| May 17, 2013 |
| 10:02 EDT | | SPX, SPY | S&P 500 moves higher after sentiment data, levels to watch
The index may be ready to push through 1660, which would put next upside objectives at the "5s" and "10s", 1665 and then 1670. First resistance is 1661.49, which is the life high for the index. Support on a failure to punch through is at 1652.45. |
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| 08:45 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
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| 08:45 EDT | | SPX | S&P 500: Pivot points
The following are the pivot points for the SPX. Pivot High: 1655.490, Pivot Low: 1643.580. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. |
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| May 16, 2013 |
| 15:58 EDT | | SPY, SPX | S&P 500 heads to close on lows of the session, levels to watch
The index is heading down to support at the 1650 area, going out very close to the lows of the day. The only sector in the green today is Technology. Consumer Discretionary, Health Care, and the Financials are the sectors leading on the downside. A breakdown tomorrow below 1650 would be psychologically problematic for the bulls. Next support below 1650 would be at 1645.56. Resistance is at 1654.96. |
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| 08:45 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
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| 08:45 EDT | | SPX | S&P 500: Pivot points
The following are the pivot points for the SPX. Pivot High: 1667.540, Pivot Low: 1652.730. These were calculated using the DeMark method. It is generally believed to be bullish when price breaks out above the pivot high or bearish when price breaks down below the pivot low. |
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| May 15, 2013 |
| 13:17 EDT | | SPX, SPY | S&P 500 climbs to another record high by round number, levels to watch
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| 08:45 EDT | | SPY | Standard and Poor's Depository Receipts: Pivot points
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